26 U.S.C. § 52
Section 52 · Special rules
Current version, with additions and removals from the November 5, 1990 version.
For purposes of this subpart, all employees of all corporations which are members of the same controlled group of corporations shall be treated as employed by a single employer. In any such case, the credit (if any) determined under section 51(a) with respect to each such member shall be its proportionate share of the wages giving rise to such credit. For purposes of this subsection, the term “controlled group of corporations” has the meaning given to such term by section 1563(a), except that—
For purposes of this subpart, all employees of all corporations which are members of the same controlled group of corporations shall be treated as employed by a single employer. In any such case, the credit (if any) determined under section 51(a) with respect to each such member shall be its proportionate share of the wages giving rise to such credit. For purposes of this subsection, the term “controlled group of corporations” has the meaning given to such term by section 1563(a), except that—
(1) “more than 50 percent” shall be substituted for “at least 80 percent” each place it appears in section 1563(a)(1), and
(1) “more than 50 percent” shall be substituted for “at least 80 percent” each place it appears in section 1563(a)(1), and
(2) the determination shall be made without regard to subsections (a)(4) and (e)(3)(C) of section 1563.
(2) the determination shall be made without regard to subsections (a)(4) and (e)(3)(C) of section 1563.
For purposes of this subpart, under regulations prescribed by the Secretary—
For purposes of this subpart, under regulations prescribed by the Secretary—
(1) all employees of trades or business (whether or not incorporated) which are under common control shall be treated as employed by a single employer, and
(1) all employees of trades or business (whether or not incorporated) which are under common control shall be treated as employed by a single employer, and
(2) the credit (if any) determined under section 51(a) with respect to each trade or business shall be its proportionate share of the wages giving rise to such credit.
(2) the credit (if any) determined under section 51(a) with respect to each trade or business shall be its proportionate share of the wages giving rise to such credit.
The regulations prescribed under this subsection shall be based on principles similar to the principles which apply in the case of subsection (a).
The regulations prescribed under this subsection shall be based on principles similar to the principles which apply in the case of subsection (a).
(1) In general
(2) Credit made available to qualified tax-exempt organizations employing qualified veterans
For credit against payroll taxes for employment of qualified veterans by qualified tax-exempt organizations, see section 3111(e).
In the case of an estate or trust—
In the case of an estate or trust—
(1) the amount of the credit determined under this subpart for any taxable year shall be apportioned between the estate or trust and the beneficiaries on the basis of the income of the estate or trust allocable to each, and
(1) the amount of the credit determined under this subpart for any taxable year shall be apportioned between the estate or trust and the beneficiaries on the basis of the income of the estate or trust allocable to each, and
(2) any beneficiary to whom any amount has been apportioned under paragraph (1) shall be allowed, subject to section 38(c), a credit under section 38(a) for such amount.
(2) any beneficiary to whom any amount has been apportioned under paragraph (1) shall be allowed, subject to section 38(c), a credit under section 38(a) for such amount.
Under regulations prescribed by the Secretary, in the case of—
Under regulations prescribed by the Secretary, in the case of—
(1) an organization to which section 593 (relating to reserves for losses on loans) applies,
rules similar to the rules provided in subsections (e) and (h) of section 46 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990) shall apply in determining the amount of the credit under this subpart.
rules similar to the rules provided in subsections (e) and (h) of section 46 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990) shall apply in determining the amount of the credit under this subpart.