26 CFR 521.107
§ 521.107 Income from operation of ships or aircraft.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 521.107, § 521.107 Income from operation of ships or aircraft, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/114902
- Permanent ID
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Full text
The income derived from the operation of ships or aircraft registered in Denmark by a nonresident alien who is a resident of Denmark, or by a Danish corporation, and carrying on an enterprise in Denmark, is, for taxable years beginning on or after January 1, 1948, exempt from United States income tax under the provisions of Article V of the convention.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.