26 USC 903: Credit for taxes in lieu of income, etc., taxes

26 USC 903: Credit for taxes in lieu of income, etc., taxes Text contains those laws in effect on January 4, 1995

From Title 26-INTERNAL REVENUE CODESubtitle A-Income TaxesCHAPTER 1-NORMAL TAXES AND SURTAXESSubchapter N-Tax Based on Income From Sources Within or Without the United StatesPART III-INCOME FROM SOURCES WITHOUT THE UNITED STATESSubpart A-Foreign Tax Credit

Jump To: Source CreditAmendmentsEffective Date

§903. Credit for taxes in lieu of income, etc., taxes

For purposes of this part and of sections 164(a) and 275(a), the term "income, war profits, and excess profits taxes" shall include a tax paid in lieu of a tax on income, war profits, or excess profits otherwise generally imposed by any foreign country or by any possession of the United States.

(Aug. 16, 1954, ch. 736, 68A Stat. 287 ; Feb. 26, 1964, Pub. L. 88–272, title II, §207(b)(8), 78 Stat. 42 ; Nov. 10, 1988, Pub. L. 100–647, title I, §1012(v)(9), 102 Stat. 3530 .)

Amendments

1988-Pub. L. 100–647 substituted "this part" for "this subpart".

1964-Pub. L. 88–272 substituted "sections 164(a) and 275(a)" for "section 164(b)".

Effective Date of 1988 Amendment

Amendment by Pub. L. 100–647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99–514, to which such amendment relates, see section 1019(a) of Pub. L. 100–647, set out as a note under section 1 of this title.

Effective Date of 1964 Amendment

Amendment by Pub. L. 88–272 applicable to taxable years beginning after Dec. 31, 1963, see section 207(c) of Pub. L. 88–272, set out as a note under section 164 of this title.