26 U.S.C. § 52: Special rules

“more than 50 percent” shall be substituted for “at least 80 percent” each place it appears in section 1563(a)(1), and the determination shall be made without regard to subsections (a)(4) and (e)(3)(C) of section 1563. 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 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. No credit shall be allowed under section 38 for any work opportunity credit determined under this subpart to any organization (other than a cooperative described in section 521) which is exempt from income tax under this chapter. For credit against payroll taxes for employment of qualified veterans by qualified tax-exempt organizations, see section 3111(e). 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 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. a regulated investment company or a real estate investment trust subject to taxation under subchapter M (section 851 and following), and a cooperative organization described in section 1381(a),