Income subject to section 511
In the case of income of a foreign organization subject to the tax imposed by section 511, this chapter shall apply to income includible under section 512 in computing its unrelated business taxable income, but only to the extent and subject to such conditions as may be provided under regulations prescribed by the Secretary.
Income subject to section 4948
In the case of income of a foreign organization subject to the tax imposed by section 4948(a), this chapter shall apply, except that the deduction and withholding shall be at the rate of 4 percent and shall be subject to such conditions as may be provided under regulations prescribed by the Secretary.
Aug. 16, 1954, ch. 73668A Stat. 358Pub. L. 91–172, title I83 Stat. 528Pub. L. 94–455, title XIX, § 1906(b)(13)(A)90 Stat. 1834(, ; , §§ 101(j)(22), 121(d)(2)(C), , , 547; , , .)
Editorial Notes
Amendments
Pub. L. 94–4551976— struck out “or his delegate” after “Secretary” in two places.
Pub. L. 91–172, § 101(j)(22)1969—, designated existing provisions as subsec. (a) and added subsec. (b).
Pub. L. 91–172, § 121(d)(2)(C)Subsec. (a). , substituted “income” for “rents” after “this chapter shall apply to”.
Statutory Notes and Related Subsidiaries
Effective Date of 1969 Amendment
section 101(j)(22) of Pub. L. 91–172section 101(k)(1) of Pub. L. 91–172section 4940 of this titleAmendment by effective , see , set out as an Effective Date note under .
section 121(d)(2)(C) of Pub. L. 91–172section 121(g) of Pub. L. 91–172section 511 of this titleAmendment by applicable to taxable years beginning after , see , set out as a note under .