Title 26, Internal Revenue CodeRelease 119-102
§903 Credit for Taxes in Lieu of Income, Etc., Taxes
Title 26 › Subtitle A — Income Taxes › CHAPTER 1 — NORMAL TAXES AND SURTAXES › Subchapter N — Tax Based on Income From Sources Within or Without the United States › PART III — INCOME FROM SOURCES WITHOUT THE UNITED STATES › Subpart A — Foreign Tax Credit › § 903
Summary
For the rules in this part and for sections 164(a) and 275(a), any tax paid in place of an income, war profits, or excess profits tax by a foreign country or a U.S. possession is treated as that kind of tax.
Full Legal Text
Title 26, §903
Internal Revenue Code, Source: USLM XML via OLRC
For purposes of this part and of section 164(a) and 275(a), the term “income, war profits, and excess profits taxes” shall include a tax paid in lieu of a tax on income, war profits, or excess profits otherwise generally imposed by any foreign country or by any possession of the United States.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2004—Pub. L. 108–357 substituted “164(a)” for “114, 164(a),”. 2000—Pub. L. 106–519 substituted “114, 164(a),” for “164(a)”. 1988—Pub. L. 100–647 substituted “this part” for “this subpart”. 1964—Pub. L. 88–272 substituted “section 164(a) and 275(a)” for “section 164(b)”.
Statutory Notes and Related Subsidiaries
Effective Date
of 2004 AmendmentAmendment by Pub. L. 108–357 applicable to transactions after Dec. 31, 2004, see section 101(c) of Pub. L. 108–357, set out as a note under section 56 of this title.
Effective Date
of 2000 AmendmentAmendment by Pub. L. 106–519 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 a note under section 56 of this title.
Effective Date
of 1988 AmendmentAmendment by Pub. L. 100–647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99–514, to which such amendment relates, see section 1019(a) of Pub. L. 100–647, set out as a note under section 1 of this title.
Effective Date
of 1964 AmendmentAmendment by Pub. L. 88–272 applicable to taxable years beginning after Dec. 31, 1963, see section 207(c) of Pub. L. 88–272, set out as a note under section 164 of this title.
Reference
Citations & Metadata
Citation
26 U.S.C. § 903
Title 26, Internal Revenue Code
Last Updated
Aug 21, 2026
Release point: 119-102