Par. 3. Section 1.441-1 is amended by revising paragraph (b)(2)(ii)(C) to read as follows:
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(b) * * *
(2) * * *
(ii) * * *
(C) Specified foreign corporations. A specified foreign corporation (as defined in section 898(b)) may use a taxable year other than its required taxable year if it elects a 52-53-week taxable year that ends with reference to its required taxable year as provided in paragraph (b)(2)(ii)(A) of this section.
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