# 26 U.S.C. § 907: Special rules in case of foreign oil and gas income

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t26_s907

## Section

- **Citation:** 26 U.S.C. § 907
- **Heading:** Special rules in case of foreign oil and gas income
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 16, 2026
- **Source:** Publisher's official text
- **Location:** 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

## Text

the amount of the combined foreign oil and gas income for the taxable year,

(Added Pub. L. 94–12, title VI, § 601(a) , Mar. 29, 1975 , 89 Stat. 54 ; amended Pub. L. 94–455, title X , §§ 1031(b)(6), 1032(b), 1035(a), (b), (d)(1), (2), 1052(c)(4), Oct. 4, 1976 , 90 Stat. 1623 , 1626, 1630–1632, 1648; Pub. L. 95–600, title III, § 301(b)(14) , title VII, § 701(u)(8)(A), (B), Nov. 6, 1978 , 92 Stat. 2822 , 2916; Pub. L. 97–248, title II, § 211(a) –(c)(1), (d), Sept. 3, 1982 , 96 Stat. 448–450 ; Pub. L. 100–647, title I, § 1012(g)(6) , Nov. 10, 1988 , 102 Stat. 3501 ; Pub. L. 101–508, title XI, § 11801(a)(32) , Nov. 5, 1990 , 104 Stat. 1388–521 ; Pub. L. 103–66, title XIII, § 13235(a)(1) , Aug. 10, 1993 , 107 Stat. 504 ; Pub. L. 104–188, title I, § 1704(t)(36) , Aug. 20, 1996 , 110 Stat. 1889 ; Pub. L. 108–357, title IV, § 417(b) , Oct. 22, 2004 , 118 Stat. 1512 ; Pub. L. 110–343, div. B, title IV, § 402(a) –(c), Oct. 3, 2008 , 122 Stat. 3852 , 3854; Pub. L. 113–295, div. A, title II, § 210(e) , Dec. 19, 2014 , 128 Stat. 4031 ; Pub. L. 115–97, title I, § 14301(c)(24) –(27), Dec. 22, 2017 , 131 Stat. 2223 , 2224; Pub. L. 115–141, div. U, title IV, § 401(a)(158) , (159), Mar. 23, 2018 , 132 Stat. 1191 .)

## Nearby sections

- [26 U.S.C. § 901 Taxes of foreign countries and of possessions of United States](https://www.frixlaw.com/law-library/statutes/usc_t26_s901.md)
- [26 U.S.C. § 902 Repealed. Pub. L. 115–97, title I, § 14301(a) , Dec. 22, 2017 , 131 Stat. 2221 ]](https://www.frixlaw.com/law-library/statutes/usc_t26_s902.md)
- [26 U.S.C. § 903 Credit for taxes in lieu of income, etc., taxes](https://www.frixlaw.com/law-library/statutes/usc_t26_s903.md)
- [26 U.S.C. § 904 Limitation on credit](https://www.frixlaw.com/law-library/statutes/usc_t26_s904.md)
- [26 U.S.C. § 905 Applicable rules](https://www.frixlaw.com/law-library/statutes/usc_t26_s905.md)
- [26 U.S.C. § 906 Nonresident alien individuals and foreign corporations](https://www.frixlaw.com/law-library/statutes/usc_t26_s906.md)
- [26 U.S.C. § 907 Special rules in case of foreign oil and gas income](https://www.frixlaw.com/law-library/statutes/usc_t26_s907.md)
- [26 U.S.C. § 908 Reduction of credit for participation in or cooperation with an international boycott](https://www.frixlaw.com/law-library/statutes/usc_t26_s908.md)
- [26 U.S.C. § 909 Suspension of taxes and credits until related income taken into account](https://www.frixlaw.com/law-library/statutes/usc_t26_s909.md)
- [26 U.S.C. § 911 Citizens or residents of the United States living abroad](https://www.frixlaw.com/law-library/statutes/usc_t26_s911.md)
- [26 U.S.C. § 912 Exemption for certain allowances](https://www.frixlaw.com/law-library/statutes/usc_t26_s912.md)
- [26 U.S.C. § 913 Repealed. Pub. L. 97–34, title I, § 112(a) , Aug. 13, 1981 , 95 Stat. 194 ]](https://www.frixlaw.com/law-library/statutes/usc_t26_s913.md)
- [26 U.S.C. § 921 to 927 Repealed. Pub. L. 106–519, § 2 , Nov. 15, 2000 , 114 Stat. 2423 ]](https://www.frixlaw.com/law-library/statutes/usc_t26_s921...927.md)
- [26 U.S.C. § 931 Income from sources within Guam, American Samoa, or the Northern Mariana Islands](https://www.frixlaw.com/law-library/statutes/usc_t26_s931.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t26_s907. Check the current official text before relying on it. Not legal advice.