26 USC § 1352 - Alternative tax on qualifying shipping activities

---
identifier: "/us/usc/t26/s1352"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 1352 - Alternative tax on qualifying shipping activities"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "1352"
section_name: "Alternative tax on qualifying shipping activities"
chapter_number: 1
chapter_name: "NORMAL TAXES AND SURTAXES"
subchapter_number: "R"
subchapter_name: "Election To Determine Corporate Tax on Certain International Shipping Activities Using Per Ton Rate"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Added Pub. L. 108–357, title II, § 248(a), Oct. 22, 2004, 118 Stat. 1450.)"
---


# § 1352. Alternative tax on qualifying shipping activities

In the case of an electing corporation, the tax imposed by section 11 shall be the amount equal to the sum of—

**(1)** the tax imposed by section 11 determined after the application of this subchapter, and

**(2)** a tax equal to—

**(A)** the highest rate of tax specified in section 11, multiplied by

**(B)** the notional shipping income for the taxable year.

---

**Source Credit**: (Added Pub. L. 108–357, title II, § 248(a), Oct. 22, 2004, 118 Stat. 1450.)

## Statutory Notes and Related Subsidiaries

### Effective Date

Section applicable to taxable years beginning after , see , set out as an Effective Date of 2004 Amendments note under .