Amended 1984
- 1984 Pub. L. 98-369 Pub. L. 98–369, § 471(c), renumbered section 32 of this title as this section.
- 1984 Pub. L. 98-369 Pub. L. 98–369, § 474(j), amended section generally, striking out “and on tax-free covenant bonds” after “foreign corporations” in section catchline, and, in text, substituting “as a credit against the tax imposed by this subtitle” for “as credits against the tax imposed by this chapter”, and striking out designation “(1)” before “the amount of tax withheld”, and “, and (2) the amount of tax withheld at source under subchapter B of chapter 3 (relating to interest on tax-free covenant bonds)” after “on foreign corporations)”.
Cases: Rader v. Commissioner, 143 T.C. 376 (2014); Brent v. Quinn, 589 F. Supp. 810 (D.V.I. 1984)
There shall be allowed as a credit against the tax imposed by this subtitle the amount of tax withheld at source under subchapter A of chapter 3 (relating to withholding of tax on nonresident aliens and on foreign corporations).