2018 US Code
Title 26 - Internal Revenue Code
Subtitle A - Income Taxes
Chapter 1 - Normal Taxes and Surtaxes
Subchapter F - Exempt Organizations
Part III - Taxation of Business Income of Certain Exempt Organizations
Sec. 515 - Taxes of foreign countries and possessions of the United States

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Citation 26 U.S.C. § 515 (2018)
Section Name ยง515. Taxes of foreign countries and possessions of the United States
Section Text

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".

Source Credit

(Aug. 16, 1954, ch. 736, 68A Stat. 176.)

Publication Title United States Code, 2018 Edition, Title 26 - INTERNAL REVENUE CODE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 26 - INTERNAL REVENUE CODE
Subtitle A - Income Taxes
CHAPTER 1 - NORMAL TAXES AND SURTAXES
Subchapter F - Exempt Organizations
PART III - TAXATION OF BUSINESS INCOME OF CERTAIN EXEMPT ORGANIZATIONS
Sec. 515 - Taxes of foreign countries and possessions of the United States
Contains section 515
Date 2018
Laws In Effect As Of Date January 14, 2019
Positive Law No
Disposition standard
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