qualified incidental activities
Defined in 1 place of the United States Code.
For purposes of this section, the term "qualified incidental activities" means shipping-related activities if—
Source
- 2005–present26 U.S.C. § 1356Internal Revenue Code · Qualifying shipping activities · for purposes of this section
For purposes of this section, the term “qualified incidental activities” means shipping-related activities if—
(1) they are incidental to the corporation’s core qualifying activities,
(2) they are not qualifying secondary activities, and
(3) without regard to this subchapter, the gross income derived by such corporation from such activities does not exceed 0.1 percent of the corporation’s gross income from its core qualifying activities.
Source
- 201326 U.S.C. § 1356Internal Revenue Code · Qualifying shipping activities · for purposes of this section