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

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Title 26—INTERNAL REVENUE CODE > Subtitle A—Income Taxes > CHAPTER 1—NORMAL TAXES AND SURTAXES > Subchapter N—Tax Based on Income From Sources Within or Without the United States > PART III—INCOME FROM SOURCES WITHOUT THE UNITED STATES > Subpart A—Foreign Tax Credit

This text was captured on Sep 16, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

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 ; Pub. L. 88–272, title II, § 207(b)(8) , Feb. 26, 1964 , 78 Stat. 42 ; Pub. L. 100–647, title I, § 1012(v)(9) , Nov. 10, 1988 , 102 Stat. 3530 ; Pub. L. 106–519, § 4(4) , Nov. 15, 2000 , 114 Stat. 2433 ; Pub. L. 108–357, title I, § 101(b)(7) , Oct. 22, 2004 , 118 Stat. 1423 .)

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