§ 515. Taxes of foreign countries and possessions of the United States
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/usc/title-26/section-515A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The amount of taxes imposed by foreign countries and possessions of the United States shall be allowed as a credit against the tax of an organization subject to the tax imposed by section 511 to the extent provided in section 901; and in the case of the tax imposed by section 511, the term “taxable income” as used in section 901 shall be read as “unrelated business taxable income”.
(Aug. 16, 1954, ch. 736, 68A Stat. 176.)
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- Aug. 16, 1954, ch. 736
- 68A Stat. 176
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§ 515
Taxes of foreign countries and possessions of the United States
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 176
Cites 2Cited by 0 across 0 sources