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2018 US Code
Title 26 - Internal Revenue Code
Subtitle A - Income Taxes
Chapter 1 - Normal Taxes and Surtaxes
Subchapter R - Election to Determine Corporate Tax on Certain International Shipping Activities Using per Ton Rate
Sec. 1352 - Alternative tax on qualifying shipping activities
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| 26 U.S.C. § 1352 (2018) |
| §1352. Alternative tax on qualifying shipping activities |
|
In the case of an electing corporation, the tax imposed by section 11 shall be the amount equal to the sum of— (1) the tax imposed by section 11 determined after the application of this subchapter, and (2) a tax equal to— (A) the highest rate of tax specified in section 11, multiplied by (B) the notional shipping income for the taxable year. |
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(Added Pub. L. 108–357, title II, §248(a), Oct. 22, 2004, 118 Stat. 1450.) |
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EFFECTIVE DATE
Section applicable to taxable years beginning after Oct. 22, 2004, see section 248(c) of Pub. L. 108–357, set out as an Effective Date of 2004 Amendments note under section 56 of this title. |
| United States Code, 2018 Edition, Title 26 - INTERNAL REVENUE CODE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 26 - INTERNAL REVENUE CODE Subtitle A - Income Taxes CHAPTER 1 - NORMAL TAXES AND SURTAXES Subchapter R - Election To Determine Corporate Tax on Certain International Shipping Activities Using Per Ton Rate Sec. 1352 - Alternative tax on qualifying shipping activities |
| section 1352 |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 118 Stat. 1450 |
| Public Law 108-357 |
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