# 26 U.S.C. § 903: Credit for taxes in lieu of income, etc., taxes

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s903>. Cite pinpoints as 26 U.S.C. § 903(a)(1).

For purposes of this part and of sections 164(a) and 275(a), the term “income, war profits, and excess profits taxes” shall include a tax paid in lieu of a tax on income, war profits, or excess profits otherwise generally imposed by any foreign country or by any possession of the United States.

## Regulations

- [Treas. Reg. § 1.903-1](/26/reg/1.903-1.md): Taxes in lieu of income taxes. (interprets § 903)

## Final rules

- [87 FR 276](https://www.federalregister.gov/documents/2022/01/04/2021-27887/guidance-related-to-the-foreign-tax-credit-clarification-of-foreign-derived-intangible-income) (2022): Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income

## Leading cases

- [F. W. Woolworth Co. v. Commissioner, 54 T.C. 1233 (1970)](https://www.courtlistener.com/opinion/4702841/f-w-woolworth-co-v-commissioner/)

## Proposed regulations (not in force)

- [Prop. Treas. Reg. § 1.903-1](/26/prop/1.903-1_2022-25337.md): Taxes in lieu of income taxes. (REG-101657-20, proposed 2022-11-22)

## Connections

Cites: none

Cited by: § 877 Expatriation to avoid tax; § 3304 Approval of State laws

Derived from: 1939 § 131(h)

## Amendments

- 1954-08-16: [Act Aug. 16, 1954, ch. 736](/26/act/1954-ch736.md), 68A Stat. 287
- 1964-02-26: [Pub. L. 88-272](/26/act/88-272.md), 78 Stat. 42
- 1988-11-10: [Pub. L. 100-647](/26/act/100-647.md), 102 Stat. 3530
- 2000-11-15: [Pub. L. 106-519](/26/act/106-519.md), 114 Stat. 2433
- 2004-10-22: [Pub. L. 108-357](/26/act/108-357.md), 118 Stat. 1423