Statutes, codes, and regulations
United States Code
Title 26 - INTERNAL REVENUE CODESubtitle A - INCOME TAXESChapter 1 - NORMAL TAXES AND SURTAXESSubchapter N - TAX BASED ON INCOME FROM SOURCES WITHIN OR WITHOUT THE UNITED STATESPart III - INCOME FROM SOURCES WITHOUT THE UNITED STATES
Subpart C - REPEALED
Section 921 to 927 - Repealed

26 U.S.C. §§ 921 to 927

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Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)
Section 921 to 927 - Repealed

26 U.S.C. §§ 921 to 927

Pub. L. 106-519, §2, Nov. 15, 2000, 114 Stat. 2423]

Section 921, added Pub. L. 98-369, div. A, title VIII, §801(a), July 18, 1984, 98 Stat. 985, provided for exclusion from gross income of exempt foreign trade income.

A prior section 921, acts Aug. 16, 1954, ch. 736, 68A Stat. 290; Oct. 4, 1976, Pub. L. 94-455, title XIX, §1901(a)(116), 90 Stat. 1784, defined Western Hemisphere trade corporation, prior to repeal by Pub. L. 94-455, title X, §1052(b), Oct. 4, 1976, 90 Stat. 1648, effective with respect to taxable years beginning after Dec. 31, 1979.

Section 922, added Pub. L. 98-369, div. A, title VIII, §801(a), July 18, 1984, 98 Stat. 986, defined FSC's.

A prior section 922, acts Aug. 16, 1954, ch. 736, 68A Stat. 291; Dec. 10, 1971, Pub. L. 92-178, title V, §502(c), 85 Stat. 550; Oct. 4, 1976, Pub. L. 94-455, title X, §1052(a), (c)(1), 90 Stat. 1647, 1648; Nov. 6, 1978, Pub. L. 95-600, title III, §301(b)(15), 92 Stat. 2822, related to a special deduction for a Western Hemisphere trade corporation, prior to repeal by Pub. L. 94-455, title X, §1052(b), Oct. 4, 1976, 90 Stat. 1648, effective with respect to taxable years beginning after Dec. 31, 1979.

Section 923, added Pub. L. 98-369, div. A, title VIII, §801(a), July 18, 1984, 98 Stat. 986; amended Pub. L. 99-514, title XVIII, §1876(b)(3), Oct. 22, 1986, 100 Stat. 2898, related to exempt foreign trade income.

Section 924, added Pub. L. 98-369, div. A, title VIII, §801(a), July 18, 1984, 98 Stat. 987; amended Pub. L. 99-514, title XVIII, §1876(e)(2), (l), Oct. 22, 1986, 100 Stat. 2899, 2901, related to foreign trading gross receipts.

Section 925, added Pub. L. 98-369, div. A, title VIII, §801(a), July 18, 1984, 98 Stat. 990, related to transfer pricing rules.

Section 926, added Pub. L. 98-369, div. A, title VIII, §801(a), July 18, 1984, 98 Stat. 991, related to distributions to shareholders.

Section 927, added Pub. L. 98-369, div. A, title VIII, §801(a), July 18, 1984, 98 Stat. 991; amended Pub. L. 99-514, title XVIII, §1876(a)(1), (e)(1), (f)(1), (p)(5), Oct. 22, 1986, 100 Stat. 2897, 2899, 2902; Pub. L. 100-647, title I, §1012(bb)(8)(A), Nov. 10, 1988, 102 Stat. 3536; Pub. L. 101-508, §11704(a) (10), Nov. 5, 1990, 104 Stat. 1388-518; Pub. L. 103-66, §13239(a), Aug. 10, 1993, 107 Stat. 509; Pub. L. 105-34, §1171(a), Aug. 5, 1997, 111 Stat. 987, related to other definitions and special rules.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATE OF REPEALRepeal applicable to transactions after Sept. 30, 2000, with special rules relating to existing foreign sales corporations, see section 5 of Pub. L. 106-519, set out as an Effective Date of 2000 Amendments note under section 56 of this title.

corporation
The term "corporation" includes associations, joint-stock companies, and insurance companies.