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§ 1352. Alternative tax on qualifying shipping activities

Type Statute
Publication 2026-01-12
State In force
Department United States Congress
Source OLRC
articles 2
Reform history JSON API

§ 1352. Alternative tax on qualifying shipping activities

(1) the tax imposed by section 11 determined after the application of this subchapter, and

(2) a tax equal to—

(A) the highest rate of tax specified in section 11, 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.)

Effective Date

Section applicable to taxable years beginning after Oct. 22, 2004, see section 248(c) of Pub. L. 108–357, set out as an Effective Date of 2004 Amendments note under section 56 of this title.

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