Internal Revenue Code · 26 U.S.C.
§ 955. Repealed. Pub. L. 115–97, title I, § 14212(a), Dec. 22, 2017, 131 Stat. 2217
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 955
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- Repealed
- Cross-references
- cites 0; cited by 0 Code sections and 12 other regulations
- Regulations
- 7 issued under this section
Repealed. Pub. L. 115–97, title I, § 14212(a), Dec. 22, 2017, 131 Stat. 2217
Regulations under this section
Treasury regulations (26 CFR) issued under § 955
- § 1.955-0 Effective dates.
- § 1.955-1 Shareholder's pro rata share of amount of previously excluded subpart F income withdrawn from investment in less developed countries.
- § 1.955-2 Amount of a controlled foreign corporation's qualified investments in less developed countries.
- § 1.955-3 Election as to date of determining qualified investments in less developed countries.
- § 1.955-4 Definition of less developed country.
- § 1.955-5 Definition of less developed country corporation.
- § 1.955-6 Gross income from sources within less developed countries.
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
Cited in 12 regulations not issued under it
- § 1.861-3 Dividends and income inclusions under sections 951, 951A, and 1293 and associated section 78 dividends.
- § 1.951-3 Coordination of subpart F with foreign personal holding company provisions.
- § 1.954-6 Foreign base company shipping income.
- § 1.954-7 Increase in qualified investments in foreign base company shipping operations.
- § 1.955A-1 Shareholder's pro rata share of amount of previously excluded subpart F income withdrawn from investment in foreign base company shipping operations.
- § 1.955A-2 Amount of a controlled foreign corporation's qualified investments in foreign base company shipping operations.
- § 1.955A-3 Election as to qualified investments by related persons.
- § 1.955A-4 Election as to date of determining qualified investment in foreign base company shipping operations.
- § 1.958-1 Direct and indirect ownership of stock.
- § 1.964-4 Verification of certain classes of income.
- § 1.970-1 Export trade corporations.
- § 1.972-1 Consolidation of group of export trade corporations.
Where it sits in the Code
- 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 F Controlled Foreign Corporations
Nearby sections
- § 951B Amounts included in gross income of foreign controlled United States shareholders
- § 952 Subpart F income defined
- § 953 Insurance income
- § 954 Foreign base company income
- § 955 Repealed
- § 956 Investment of earnings in United States property
- § 956A Repealed
- § 957 Controlled foreign corporations; United States persons
- § 958 Rules for determining stock ownership
Official notes
Show the Law Revision Counsel's notes (amendments, effective dates)
Section, added Pub. L. 94–12, title VI, § 602(d)(3)(A), Mar. 29, 1975, 89 Stat. 62; amended Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 99–514, title XII, § 1221(c)(3)(B), (C), Oct. 22, 1986, 100 Stat. 2553; Pub. L. 100–647, title I, § 1012(i)(11), Nov. 10, 1988, 102 Stat. 3509, related to withdrawal of previously excluded subpart F income from qualified investment.
A prior section 955, added Pub. L. 87–834, § 12(a), Oct. 16, 1962, 76 Stat. 1013, related to investments in less developed countries and dealing with less developed country corporations, prior to repeal by Pub. L. 94–12, title VI, § 602(c)(5), Mar. 29, 1975, 89 Stat. 59.
Statutory Notes and Related Subsidiaries
Effective Date of Repeal
Repeal applicable to taxable years of foreign corporations beginning after Dec. 31, 2017, and to taxable years of United States shareholders in which or with which such taxable years of foreign corporations end, see section 14212(c) of Pub. L. 115–97, set out as an Effective Date of 2017 Amendment note under section 851 of this title.