extraterritorial income
Defined in 1 place of the United States Code.
For purposes of this section, the term “extraterritorial income” means the gross income of the taxpayer attributable to foreign trading gross receipts (as defined in section 942) of the taxpayer.
Source
- 2000–present26 U.S.C. § 114Internal Revenue Code · Repealed. Pub. L. 108357, title I, 101(a), Oct. 22, 2004, 118 Stat. 1423] · for purposes of this section