26Title 26The US tax code, read & explained

26 U.S.C. § 27

§ 27. Taxes of foreign countries and possessions of the United States

47 words · amended 3 times · cited by 8 other sections

Compare on Cornell LII Official XML (House)

No plain-English explainer yet. Below is the official text. Explainers are being added section by section.

History

Part of the code since 1954. Last changed March 23, 2018 by the Consolidated Appropriations Act, 2018.

Every change, newest first (4)
  1. March 23, 2018Consolidated Appropriations Act, 2018
  2. July 18, 1984Deficit Reduction Act of 1984
  3. October 4, 1976Tax Reform Act of 1976
  4. August 16, 1954Internal Revenue Code of 1954 (original text)

The law as written

Current through Public Law 119-102. Amendment notes omitted.

The amount of taxes imposed by foreign countries and possessions of the United States shall be allowed as a credit against the tax imposed by this chapter to the extent provided in section 901 1