# 26 U.S.C. § 908: Reduction of credit for participation in or cooperation with an international boycott

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s908>. Cite pinpoints as 26 U.S.C. § 908(a)(1).

## § 908(a) In general

If a person, or a member of a controlled group (within the meaning of section 993(a)(3)) which includes such person, participates in or cooperates with an international boycott during the taxable year (within the meaning of section 999(b)), the amount of the credit allowable under section 901 to such person, or under section 960 to United States shareholders of such person, for foreign taxes paid during the taxable year shall be reduced by an amount equal to the product of—

**§ 908(a)(1)** the amount of the credit which, but for this section, would be allowed under section 901 for the taxable year, multiplied by

**§ 908(a)(2)** the international boycott factor (determined under section 999).

## § 908(b) Application with sections 275(a)(4) and 78

Section 275(a)(4) and section 78 shall not apply to any amount of taxes denied credit under subsection (a).

## Connections

Cites: § 78 Gross up for deemed paid foreign tax credit; § 901 Taxes of foreign countries and of possessions of United States; § 960 Deemed paid credit for subpart F inclusions; § 993 Definitions and special rules; § 999 Reports by taxpayers; determinations

Cited by: § 999 Reports by taxpayers; determinations

## Amendments

- 1976-10-04: [Pub. L. 94-455](/26/act/94-455.md), 90 Stat. 1649
- 2017-12-22: [Pub. L. 115-97](/26/act/115-97.md), 131 Stat. 2224