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26 U.S.C. § 1352 — Alternative tax on qualifying shipping activities

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
In the case of an electing corporation, the tax imposed by section 11 shall be the amount equal to the sum of—
  1. (1)the tax imposed by section 11 determined after the application of this subchapter, and
  2. (2)a tax equal to—
    1. (A)the highest rate of tax specified in section 11, multiplied by
    2. (B)the notional shipping income for the taxable year.