[Code of Federal Regulations] [Title 26, Volume 18, Parts 500 to 599] [Revised as of April 1, 2000] From the U.S. Government Printing Office via GPO Access [CITE: 26CFR514.102] [Page 93] TITLE 26--INTERNAL REVENUE CHAPTER 1--INTERNAL REVENUE SERVICE DEPARTMENT OF THE TREASURY (Continued) PART 514--FRANCE--Table of Contents Subpart--General Income Tax Sec. 514.102 Applicable provisions of the Internal Revenue Code. (a) The Internal Revenue Code provides in part as follows: Sec. 22. Gross income. * * * (b) Exclusions from gross income. The following items shall not be included in gross income and shall be exempt from taxation under this chapter: * * * * * (7) Income exempt under treaty.--Income of any kind, to the extent required by any treaty obligation of the United States; * * * * * Sec. 62. Rules and regulations. The Commissioner, with the approval of the Secretary, shall prescribe and publish all needful rules and regulations for the enforcement of this chapter. (b) Pursuant to section 62 of the Internal Revenue Code, Article 26 of the convention, and other provisions of the internal revenue laws, Secs. 514.103-514.117 are hereby prescribed and all regulations inconsistent herewith are modified accordingly.