United States IRC sections
Statute section
IRC section 11
Tax imposed
Country
United States
Section
11
Updated
2026-05-01
Operative text
A tax is hereby imposed for each taxable year on the taxable income of every corporation. In the current text of subsection (b), the amount of the tax is 21 percent of taxable income.
Amendment history
2017-12-22
Pub. L. 115-97
The Tax Cuts and Jobs Act replaced the prior graduated corporate rate structure with the current 21 percent rate for taxable years beginning after December 31, 2017.
Cross-references
26 U.S.C. 6126 U.S.C. 882
Related guides
Primary sources
- 26 U.S.C. section 11Verified 2026-05-01
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.