Current through Pub. L. 119-100Open in workspace

§ 1352 Alternative tax on qualifying shipping activities

In the case of an electing corporation, the tax imposed by section shall be the amount equal to the sum of—

(1) the tax imposed by section determined after the application of this subchapter, and

(2) a tax equal to—

(A) the highest rate of tax specified in section , multiplied by

(B) the notional shipping income for the taxable year.

(Added Pub. L. 108–357, title II, § 248(a), Oct. 22, 2004, 118 Stat. 1450.)

Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 1352

Source: decipher.legal/usc/26/1352 · Internal Revenue Code, current through Pub. L. 119-100 (OLRC XML of 2026-04-17)