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26 U.S.C. § 1352 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 1352. Alternative tax on qualifying shipping activities

Current as of January 01, 2024 | Updated by Findlaw Staff

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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Cite this article: FindLaw.com - 26 U.S.C. § 1352 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 1352. Alternative tax on qualifying shipping activities - last updated January 01, 2024 | https://codes.findlaw.com/us/title-26-internal-revenue-code/26-usc-sect-1352/

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