effectively connected income
Defined in 1 place of the United States Code.
The term “effectively connected income” means any income which is effectively connected (or treated as effectively connected) with the conduct of a trade or business in the United States and is subject to tax under this chapter. Such term shall not include any foreign trade income.
Source
- 1994–present26 U.S.C. § 245Internal Revenue Code · Dividends received from certain foreign corporations · in this section