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Code · U.S. Code · Title 26 - INTERNAL REVENUE CODE · CHAPTER 1— NORMAL TAXES AND SURTAXES · Subchapter F— Exempt Organizations · § 526

§ 526. Shipowners’ protection and indemnity associations

67 words·~1 min read·/usc/title-26/section-526

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There shall not be included in gross income the receipts of shipowners’ mutual protection and indemnity associations not organized for profit, and no part of the net earnings of which inures to the benefit of any private shareholder; but such corporations shall be subject as other persons to the tax on their taxable income from interest, dividends, and rents.
(Aug. 16, 1954, ch. 736, 68A Stat. 178.)
Connections1 cite this
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  • Aug. 16, 1954, ch. 736
  • 68A Stat. 178
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§ 526
Shipowners’ protection and indemnity associations
Stat.×1
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 178
Cites 2Cited by 1 across 1 source
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