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2020 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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| 26 U.S.C. § 515 (2020) |
| ยง515. Taxes of foreign countries and possessions of the United States |
|
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". |
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(Aug. 16, 1954, ch. 736, 68A Stat. 176.) |
| United States Code, 2018 Edition, Supplement 2, 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 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 |
| section 515 |
| 2020 |
| January 13, 2021 |
| No |
| standard |
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