# § 841. Credit for foreign taxes
The taxes imposed by foreign countries or possessions of the United States shall be allowed as a credit against the tax of a domestic insurance company subject to the tax imposed by section 801 or 831, to the extent provided in the case of a domestic corporation in section 901 (relating to foreign tax credit). For purposes of the preceding sentence (and for purposes of applying section 906 with respect to a foreign corporation subject to tax under this subchapter), the term “taxable income” as used in section 904 means—
**(1)** in the case of the tax imposed by section 801, the life insurance company taxable income (as defined in section 801(b)), and
**(2)** in the case of the tax imposed by section 831, the taxable income (as defined in section 832(a)).
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**Source Credit**: (Aug. 16, 1954, ch. 736, 68A Stat. 267; Mar. 13, 1956, ch. 83, § 5(4), 70 Stat. 49; Pub. L. 86–69, § 3(b), June 25, 1959, 73 Stat. 139; Pub. L. 87–834, § 8(g)(1), Oct. 16, 1962, 76 Stat. 998; Pub. L. 89–809, title I, § 104(i)(8), Nov. 13, 1966, 80 Stat. 1562; Pub. L. 98–369, div. A, title II, § 211(b)(10), July 18, 1984, 98 Stat. 755; Pub. L. 99–514, title X, § 1024(c)(10), Oct. 22, 1986, 100 Stat. 2407.)
## Editorial Notes
### Amendments
1986— substituted “section 801 or 831” for “section 801, 821, or 831” in introductory provisions, redesignated par. (3) as (2), and struck out former par. (2) which read as follows: “in the case of the tax imposed by section 821(a), the mutual insurance company taxable income (as defined in section 821(b)); and in the case of the tax imposed by section 821(c), the taxable investment income (as defined in section 822(a)), and”.
1984— substituted “section 801” for “section 802”, wherever appearing, and “section 801(b)” for “section 802(b)”.
1966— substituted “For purposes of the preceding sentence (and for purposes of applying section 906 with respect to a foreign corporation subject to tax under this subchapter), the term ‘taxable income’ as used in section 904” for “For purposes of the preceding sentence, the term ‘taxable income’ as used in section 904”.
1962— added par. (2) and redesignated former par. (2) as (3).
1959— struck out reference to in first sentence, and substituted “section 802, the life insurance company taxable income (as defined in section 802(b)), and” for “section 802 or 811, the net investment income (as defined in section 803(c))” in par. (1).
1956—Act , inserted references to section 811.
## Statutory Notes and Related Subsidiaries
### Effective Date of 1986 Amendment
Amendment by applicable to taxable years beginning after , see , set out as a note under .
### Effective Date of 1984 Amendment
Amendment by applicable to taxable years beginning after , see , set out as an Effective Date note under .
### Effective Date of 1966 Amendment
Amendment by applicable with respect to taxable years beginning after , see , set out as a note under .
### Effective Date of 1962 Amendment
Amendment by applicable with respect to taxable years beginning after , see , set out as a note under .
### Effective Date of 1959 Amendment
Amendment by applicable only with respect to taxable years beginning after , see , set out as a note under .
### Effective Date of 1956 Amendment
Amendment by act , applicable only to taxable years beginning after , see section 6 of act , set out as a note under .