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S 1495 110th Congress Senate Taxation Administrative procedure Commerce Corporation taxes Department of the Treasury Foreign Trade and International Finance Government Operations and Politics Income tax Internal revenue law Law Merchant ships Tax exclusion Transportation and Public Works

A bill to amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on vessels operating in the dual United States domestic and foreign trades, and for other purposes.

Introduced: May 24, 2007 See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 24, 2007
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6865)
May 24, 2007
Sponsor introductory remarks on measure. (CR S6864-6865)
May 24, 2007
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to modify the alternative tax on qualifying shipping activities to treat a corporation electing such tax as continuing to use a qualifying vessel in the U.S. foreign trade during any period of use in the U.S. domestic trade, thus eliminating the 30 day limitation on operating in U.S. domestic trade under current law.

What's happening now May 24, 2007

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6865)

 Related & companion bills 1
  • HR 2816 Identical bill To amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on vessels operating in the dua…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Cantwell, Maria
Washington · May 25, 2007
 D
Wyden, Ron
Oregon · May 24, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1495: A bill to amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on vessels operating in the dual United States domestic and foreign trades, and for other purposes.. 110th Congress. Open America. https://openamerica.io/bill/110-S-1495/
MLA
"S. 1495: A bill to amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on vessels operating in the dual United States domestic and foreign trades, and for other purposes.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-1495/.
Bluebook (legal)
S. 1495, 110th Cong. (2026), https://openamerica.io/bill/110-S-1495/.
Markdown link
[S. 1495: A bill to amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on vessels operating in the dual United States domestic and foreign trades, and for other purposes.](https://openamerica.io/bill/110-S-1495/)
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