Title 26 — Internal Revenue Code
Part III · Chapter 1 — Normal Taxes and Surtaxes
[§§ 921 to 927. Repealed. Pub. L. 106–519, § 2, Nov. 15, 2000, 114 Stat. 2423]
Repealed
This section has no operative text. The heading above names the act that repealed it, and the notes below are what the Code still records here.
Notes
removalDescription
Section 921, added Pub. L. 98–369, div. A, title VIII, § 801(a), , 98 Stat. 985, provided for exclusion from gross income of exempt foreign trade income.
removalDescription
A prior section 921, acts Aug. 16, 1954, ch. 736, 68A Stat. 290; , 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), , 90 Stat. 1648, effective with respect to taxable years beginning after .
removalDescription
Section 922, added Pub. L. 98–369, div. A, title VIII, § 801(a), , 98 Stat. 986, defined FSC’s.
removalDescription
A prior section 922, acts Aug. 16, 1954, ch. 736, 68A Stat. 291; , Pub. L. 92–178, title V, § 502(c), 85 Stat. 550; , Pub. L. 94–455, title X, § 1052(a), (c)(1), 90 Stat. 1647, 1648; , 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), , 90 Stat. 1648, effective with respect to taxable years beginning after .
removalDescription
Section 923, added Pub. L. 98–369, div. A, title VIII, § 801(a), , 98 Stat. 986; amended Pub. L. 99–514, title XVIII, § 1876(b)(3), , 100 Stat. 2898, related to exempt foreign trade income.
removalDescription
Section 924, added Pub. L. 98–369, div. A, title VIII, § 801(a), , 98 Stat. 987; amended Pub. L. 99–514, title XVIII, § 1876(e)(2), (l), , 100 Stat. 2899, 2901, related to foreign trading gross receipts.
removalDescription
Section 925, added Pub. L. 98–369, div. A, title VIII, § 801(a), , 98 Stat. 990, related to transfer pricing rules.
removalDescription
Section 926, added Pub. L. 98–369, div. A, title VIII, § 801(a), , 98 Stat. 991, related to distributions to shareholders.
removalDescription
Section 927, added Pub. L. 98–369, div. A, title VIII, § 801(a), , 98 Stat. 991; amended Pub. L. 99–514, title XVIII, § 1876(a)(1), (e)(1), (f)(1), (p)(5), , 100 Stat. 2897, 2899, 2902; Pub. L. 100–647, title I, § 1012(bb)(8)(A), , 102 Stat. 3536; Pub. L. 101–508, title XI, § 11704(a)(10), , 104 Stat. 1388–518; Pub. L. 103–66, title XIII, § 13239(a), , 107 Stat. 509; Pub. L. 105–34, title XI, § 1171(a), , 111 Stat. 987, related to other definitions and special rules.
Statutory Notes and Related Subsidiaries
Effective Date of Repeal
Repeal applicable to transactions after , 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.