§1352 — Alternative tax on qualifying shipping activities

2 cases·2 cited

Statute Text — 26 U.S.C. §1352

In the case of an electing corporation, the tax imposed by section 11 shall be the amount equal to the sum of—

(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.

2 Citing Cases

United States v. Bartley · Cir.

United States v. Rory Bartley, A/K/A Roy Bailey 230 F.3d 667 · Cir.