26 U.S.C. § 903
§ 903. Credit for taxes in lieu of income, etc., taxes
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Part of the code since 1954. Last changed October 22, 2004 by the American Jobs Creation Act of 2004.
Every change, newest first (5)
- October 22, 2004American Jobs Creation Act of 2004
- November 15, 2000Public Law 106-519
- November 10, 1988Technical and Miscellaneous Revenue Act of 1988
- February 26, 1964Public Law 88-272
- August 16, 1954Internal Revenue Code of 1954 (original text)
The law as written
Current through Public Law 119-102. Amendment notes omitted.
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.