Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 526
Shipowners' protection and indemnity associations
Official textgovinfo.govlast amended
There shall not be included in gross income the receipts of shipowners' mutual protection and indemnity associations not organized for profit, and no part of the net earnings of which inures to the benefit of any private shareholder; but such corporations shall be subject as other persons to the tax on their taxable income from interest, dividends, and rents.
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Nearby sections (25 sections)
- 505 · Additional requirements for organizations described in paragraph…
- 506 · Organizations required to notify Secretary of intent to operate…
- 507 · Termination of private foundation status
- 508 · Special rules with respect to section 501(c)(3) organizations
- 509 · Private foundation defined
- 511 · Imposition of tax on unrelated business income of charitable,…
- 512 · Unrelated business taxable income
- 513 · Unrelated trade or business
- 514 · Unrelated debt-financed income
- 515 · Taxes of foreign countries and possessions of the United States
- 521 · Exemption of farmers' cooperatives from tax
- 522 · [§522. Repealed. Pub. L. 87–834, §17(b)(2), Oct. 16, 1962, 76…
- 526 · Shipowners' protection and indemnity associations
- 527 · Political organizations
- 528 · Certain homeowners associations
- 529 · Qualified tuition programs
- 529A · Qualified ABLE programs
- 530 · Coverdell education savings accounts
- 531 · Imposition of accumulated earnings tax
- 532 · Corporations subject to accumulated earnings tax
- 533 · Evidence of purpose to avoid income tax
- 534 · Burden of proof
- 535 · Accumulated taxable income
- 536 · Income not placed on annual basis
- 537 · Reasonable needs of the business