intangible property income
Defined in 1 place of the United States Code.
The term “intangible property income” means the gross income of a corporation attributable to any intangible property other than intangible property which has been licensed to such corporation since prior to 1948 and is in use by such corporation on the date of the enactment of this subparagraph.
Source
- 1994–present26 U.S.C. § 936Internal Revenue Code · Puerto Rico and possession tax credit · under this section