26 U.S. Code § 27 - Taxes of foreign countries and possessions of the United States; possession tax credit
The amount of taxes imposed by foreign countries and possessions of the United States shall be allowed as a credit against the tax imposed by this chapter to the extent provided in section 901.
In the case of a domestic corporation, the amount provided by section 936 (relating to Puerto Rico and possession tax credit) shall be allowed as a credit against the tax imposed by this chapter.
1976—Pub. L. 94–455 designated existing provisions as subsec. (a) and added subsec. (b).
Written determinations for this section
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