26 U.S.C. § 841 | Credit for foreign taxes

The taxes imposed by foreign countries or possessions of the United States shall be allowed as a credit against the tax of a domestic insurance company subject to the tax imposed by section 801 or 831, to the extent provided in the case of a domestic corporation in section 901 (relating to foreign tax credit). For purposes of the preceding sentence (and for purposes of applying section 906 with respect to a foreign corporation subject to tax under this subchapter), the term “taxable income” as used in section 904 means—

(1)

in the case of the tax imposed by section 801, the life insurance company taxable income (as defined in section 801(b)), and

(2)

in the case of the tax imposed by section 831, the taxable income (as defined in section 832(a)).

Aug. 16, 1954, ch. 736 68A Stat. 267 Mar. 13, 1956, ch. 83, § 5(4)70 Stat. 49 Pub. L. 86–69, § 3(b)June 25, 195973 Stat. 139 Pub. L. 87–834, § 8(g)(1)Oct. 16, 196276 Stat. 998 Pub. L. 89–809, title I, § 104(i)(8)Nov. 13, 196680 Stat. 1562 Pub. L. 98–369, div. A, title II, § 211(b)(10)July 18, 198498 Stat. 755 Pub. L. 99–514, title X, § 1024(c)(10)Oct. 22, 1986100 Stat. 2407(, ; , ; , , ; , , ; , , ; , , ; , , .)

Editorial Notes

Amendments

Pub. L. 99–5141986— substituted “section 801 or 831” for “section 801, 821, or 831” in introductory provisions, redesignated par. (3) as (2), and struck out former par. (2) which read as follows: “in the case of the tax imposed by section 821(a), the mutual insurance company taxable income (as defined in section 821(b)); and in the case of the tax imposed by section 821(c), the taxable investment income (as defined in section 822(a)), and”.

Pub. L. 98–3691984— substituted “section 801” for “section 802”, wherever appearing, and “section 801(b)” for “section 802(b)”.

Pub. L. 89–8091966— substituted “For purposes of the preceding sentence (and for purposes of applying section 906 with respect to a foreign corporation subject to tax under this subchapter), the term ‘taxable income’ as used in section 904” for “For purposes of the preceding sentence, the term ‘taxable income’ as used in section 904”.

Pub. L. 87–8341962— added par. (2) and redesignated former par. (2) as (3).

Pub. L. 86–69 section 811 of this title1959— struck out reference to in first sentence, and substituted “section 802, the life insurance company taxable income (as defined in section 802(b)), and” for “section 802 or 811, the net investment income (as defined in section 803(c))” in par. (1).

Mar. 13, 19561956—Act , inserted references to section 811.

Statutory Notes and Related Subsidiaries

Effective Date of 1986 Amendment

Pub. L. 99–514Dec. 31, 1986section 1024(e) of Pub. L. 99–514 section 831 of this titleAmendment by applicable to taxable years beginning after , see , set out as a note under .

Effective Date of 1984 Amendment

Pub. L. 98–369Dec. 31, 1983section 215 of Pub. L. 98–369 section 801 of this titleAmendment by applicable to taxable years beginning after , see , set out as an Effective Date note under .

Effective Date of 1966 Amendment

Pub. L. 89–809Dec. 31, 1966section 104(n) of Pub. L. 89–809 section 11 of this titleAmendment by applicable with respect to taxable years beginning after , see , set out as a note under .

Effective Date of 1962 Amendment

Pub. L. 87–834Dec. 31, 1962section 8(h) of Pub. L. 87–834 section 501 of this titleAmendment by applicable with respect to taxable years beginning after , see , set out as a note under .

Effective Date of 1959 Amendment

Pub. L. 86–69Dec. 31, 1957section 4 of Pub. L. 86–69 section 381 of this titleAmendment by applicable only with respect to taxable years beginning after , see , set out as a note under .

Effective Date of 1956 Amendment

Mar. 13, 1956Dec. 31, 1954Mar. 13, 1956section 316 of this titleAmendment by act , applicable only to taxable years beginning after , see section 6 of act , set out as a note under .