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26 U.S.C. § 989

Other definitions and special rules

United States · Title 26 — INTERNAL REVENUE CODE · Status: effective

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26 U.S.C. § 989, Other definitions and special rules, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/462857
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For purposes of this subpart, the term “qualified business unit” means any separate and clearly identified unit of a trade or business of a taxpayer which maintains separate books and records. Except as provided in regulations, for purposes of this subpart, the term “appropriate exchange rate” means— The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this subpart, including regulations—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.