26 USC 383 - Special limitations on certain excess credits, etc.

U.S Code last checked for updates: May 10, 2024

§ 383.

Special limitations on certain excess credits, etc.

(a)

Excess credits

(1)

In general

(2)

Excess credit

For purposes of paragraph (1), the term “excess credit” means—

(A)

any unused general business credit of the corporation under section 39, and

(B)

any unused minimum tax credit of the corporation under section 53.

(b)

Limitation on net capital loss

(c)

Foreign tax credits

(d)

Pro ration rules for year which includes change

(e)

Definitions

(Added Pub. L. 92–178, title III, § 302(a), Dec. 10, 1971, 85 Stat. 521; amended Pub. L. 94–455, title VIII, § 806(f)(2), title X, § 1031(b)(5), title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1605, 1623, 1834; Pub. L. 95–30, title II, § 202(d)(3)(B), (C), May 23, 1977, 91 Stat. 148; Pub. L. 96–222, title I, § 103(a)(6)(G)(xiii), Apr. 1, 1980, 94 Stat. 211; Pub. L. 96–223, title II, § 232(b)(2)(C), (D), Apr. 2, 1980, 94 Stat. 276; Pub. L. 97–34, title II, § 221(b)(1)(C), (D), title III, § 331(d)(1)(C), (D), Aug. 13, 1981, 95 Stat. 246, 294; Pub. L. 98–369, div. A, title IV, § 474(r)(12)(A), (B), July 18, 1984, 98 Stat. 841; Pub. L. 99–514, title VI, § 621(b), (e)(1), Oct. 22, 1986, 100 Stat. 2265, 2266.)

cite as: 26 USC 383