§ 1352 Alternative tax on qualifying shipping activities

OLRC 119-134 · eCFR 2026-10-19 · cited by 1 sections

Enacted 2004 · Pub. L. 108-357 Amended · 0 Acts

Connections Cited by 1 · Cites 1
§ 1352 Alternative tax on qualifying shipping activities

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—

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    (A) the highest rate of tax specified in section 11, multiplied by

    (B) the notional shipping income for the taxable year.