Internal Revenue Code Section 250
GPTKB entity
Statements (17)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:amendedBy |
gptkb:Inflation_Reduction_Act_of_2022
|
| gptkbp:appliesTo |
domestic corporations
|
| gptkbp:codifiedIn |
26 U.S.C. § 250
|
| gptkbp:deductionPercentageFDII |
37.5%
|
| gptkbp:deductionPercentageGILTI |
50%
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| https://www.w3.org/2000/01/rdf-schema#label |
Internal Revenue Code Section 250
|
| gptkbp:insertedBy |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:partOf |
gptkb:Internal_Revenue_Code
|
| gptkbp:providesDeductionFor |
gptkb:Global_Intangible_Low-Taxed_Income
Foreign-Derived Intangible Income |
| gptkbp:purpose |
to incentivize U.S. corporations to earn income from foreign markets
|
| gptkbp:startDate |
2018
|
| gptkbp:subjectToLimitation |
taxable income limitation
|
| gptkbp:bfsParent |
gptkb:foreign-derived_intangible_income_(FDII)
|
| gptkbp:bfsLayer |
6
|