26 U.S.C. § 906: Nonresident alien individuals and foreign corporations

A nonresident alien individual or a foreign corporation engaged in trade or business within the United States during the taxable year shall be allowed a credit under section 901 for the amount of any income, war profits, and excess profits taxes paid or accrued during the taxable year to any foreign country or possession of the United States with respect to income effectively connected with the conduct of a trade or business within the United States. in the case of a nonresident alien individual, such individual is a citizen or resident of such foreign country or possession, or in the case of a foreign corporation, such corporation was created or organized under the law of such foreign country or possession or is domiciled for tax purposes in such country or possession. For purposes of subsection (a), in applying section 904 the taxpayer’s taxable income shall be treated as consisting only of the taxable income effectively connected with the taxpayer’s conduct of a trade or business within the United States. The credit allowed pursuant to subsection (a) shall not be allowed against any tax imposed by section 871(a) (relating to income of nonresident alien individual not connected with United States business) or 881 (relating to income of foreign corporations not connected with United States business). , (5) Repealed. Pub. L. 115–97, title I, § 14301(c)(23) , Dec. 22, 2017 , 131 Stat. 2223 .] No credit shall be allowed under this section against the tax imposed by section 884.