Ask me to translate this law into plain English

Congress.wiki Alpha

Color Theme:

About How Congress Works Support Us Roadmap Privacy Policy Terms of Service

This is not an official government website.

Copyright © 2026 PLEJ LC. All rights reserved.

26 U.S.C. § 115. - Income of States, municipalities, etc. · Congress.wiki

U.S. Code/Title 26/§ 115

Title 26

26

Title overview Search title All titles

26 U.S.C. § 115.Chapter 1

§ 115

Income of States, municipalities, etc.

Title 26

1 min read

Subchapter: Computation of Taxable Income

Need the full chapter outline? Open Chapter 1 to browse every section without loading the entire chapter explorer on this page.

Back to Chapter 1 Previous: § 112 Next: § 118

Gross income does not include—

((1)) income derived from any public utility or the exercise of any essential governmental function and accruing to a State or any political subdivision thereof, or the District of Columbia; or

((2)) income accruing to the government of any possession of the United States, or any political subdivision thereof.

Release: pl-119-73not60 (2026-01-23)