PART VIII—SPECIAL DEDUCTIONS FOR CORPORATIONS — Front Matter
| Sec. | ||
|---|---|---|
| 241. | Allowance of special deductions. | |
| [242. | Repealed.] | |
| 243. | Dividends received by corporations. | |
| [244. | Repealed.] | |
| 245. | Dividends received from certain foreign corporations. | |
| 245A. | Deduction for foreign source-portion of dividends received by domestic corporations from certain 10-percent owned foreign corporations.1 | |
| 246. | Rules applying to deductions for dividends received. | |
| 246A. | Dividends received deduction reduced where portfolio stock is debt financed. | |
| 247. | Contributions to Alaska Native Settlement Trusts. | |
| 248. | Organizational expenditures. | |
| 249. | Limitation on deduction of bond premium on repurchase. | |
| 250. | Foreign-derived deduction eligible income and net CFC tested income. |
Editorial Notes
Amendments
2025—Pub. L. 119-21, title VII, § 70323(b)(2)(C)(iii), July 4, 2025, 139 Stat. 206, substituted “Foreign-derived deduction eligible” for “Foreign-derived intangible” in item 250.
Pub. L. 119-21, title VII, § 70323(a)(3)(A)(iii), July 4, 2025, 139 Stat. 205, which directed amendment of the table of sections for part VII of subchapter B of chapter 1 of this title by substituting “net CFC tested income” for “global intangible low-taxed income” in item 250, was executed to the table of sections for this part to reflect the probable intent of Congress.
2017—Pub. L. 115-97, title I, §§ 13821(b)(2), 14101(e)(3), 14202(b)(4), Dec. 22, 2017, 131 Stat. 2181, 2192, 2216, added items 245A, 247, and 250.
2014—Pub. L. 113-295, div. A, title II, § 221(a)(41)(A), Dec. 19, 2014, 128 Stat. 4043, struck out item 244 “Dividends received on certain preferred stock” and item 247 “Dividends paid on certain preferred stock of public utilities”.
1990—Pub. L. 101-508, title XI, § 11801(b)(4), Nov. 5, 1990, 104 Stat. 1388–522, struck out item 250 “Certain payments to the National Railroad Passenger Corporation”.
1984—Pub. L. 98-369, div. A, title I, § 51(b), July 18, 1984, 98 Stat. 564, added item 246A.
1976—Pub. L. 94-455, title XIX, § 1901(b)(1)(AA), Oct. 4, 1976, 90 Stat. 1792, struck out item 242 “Partially tax-exempt interest”.
1970—Pub. L. 91-518, title IX, § 901(b), Oct. 30, 1970, 84 Stat. 1342, added item 250.
1969—Pub. L. 91-172, title IV, § 414(b), Dec. 30, 1969, 83 Stat. 613, added item 249.