# 26 U.S.C. § 1352: Alternative tax on qualifying shipping activities

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s1352>. Cite pinpoints as 26 U.S.C. § 1352(a)(1).

In the case of an electing corporation, the tax imposed by section 11 shall be the amount equal to the sum of—

## § 1352(1)

the tax imposed by section 11 determined after the application of this subchapter, and

## § 1352(2)

a tax equal to—

**§ 1352(2)(A)** the highest rate of tax specified in section 11, multiplied by

**§ 1352(2)(B)** the notional shipping income for the taxable year.

## Connections

Cites: § 11 Tax imposed

Cited by: § 1358 Allocation of credits, income, and deductions

## Amendments

- 2004-10-22: [Pub. L. 108-357](/26/act/108-357.md), 118 Stat. 1450