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of <h1>Interest on compensation or enhanced compensation taxable when received; contract escalation and export incentives taxable when reasonably certain to be realized.</h1> Interest received on compensation or enhanced compensation is taxable in the year it is received, regardless of contrary provisions. Claims for contract price escalation or export incentives are taxable in the year in which reasonable certainty of their realization is established. Amounts characterized under the specified aggregate income provision are taxable in the year received if they were not previously charged to tax in an earlier year. These rules determine timing of inclusion for assessment and taxability purposes.
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