26 U.S. Code § 1352 - Alternative tax on qualifying shipping activities

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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.


(Added Pub. L. 108–357, title II, § 248(a),Oct. 22, 2004, 118 Stat. 1450.)
Effective Date

Subchapter applicable to taxable years beginning after Oct. 22, 2004, see section 248(c) ofPub. L. 108–357, set out as an Effective Date of 2004 Amendments note under section 56 of this title.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

26 USCDescription of ChangeSession YearPublic LawStatutes at Large


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