### Question
Can you define what terminal railroad corporation means?


### Answer
**Terminal railroad corporation** is defined as the following in *26 U.S.C. § 281*:

> a domestic railroad corporation which is not a member, other than as a common parent corporation, of an affiliated group (as defined in section 1504) and—



(A) all of the shareholders of which are rail carriers subject to part A of subtitle IV of title 49

#### Citation:
  - *26 U.S.C. § 281*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART X-TERMINAL RAILROAD CORPORATIONS AND THEIR SHAREHOLDERS**

