Foreign tax credit allowed to shareholders

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Title 26—INTERNAL REVENUE CODE > Subtitle A—Income Taxes > CHAPTER 1—NORMAL TAXES AND SURTAXES > Subchapter M—Regulated Investment Companies and Real Estate Investment Trusts > PART I—REGULATED INVESTMENT COMPANIES

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more than 50 percent of the value (as defined in section 851(c)(4)) of whose total assets at the close of the taxable year consists of stock or securities in foreign corporations, and

( Aug. 16, 1954, ch. 736 , 68A Stat. 272 ; Pub. L. 88–272, title II, § 229(a)(3) , Feb. 26, 1964 , 78 Stat. 99 ; Pub. L. 94–455, title XIX, § 1906(b)(13)(A) , Oct. 4, 1976 , 90 Stat. 1834 ; Pub. L. 99–514, title VI, § 655(a)(3) , Oct. 22, 1986 , 100 Stat. 2299 ; Pub. L. 105–34, title X, § 1053(b) , Aug. 5, 1997 , 111 Stat. 943 ; Pub. L. 105–206, title VI, § 6010(k)(1) , (2), July 22, 1998 , 112 Stat. 815 ; Pub. L. 109–135, title IV, § 403(aa)(1) , Dec. 21, 2005 , 119 Stat. 2630 ; Pub. L. 111–325, title III, § 301(c) , Dec. 22, 2010 , 124 Stat. 3544 .)

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