HR 2542
111th Congress
House
Taxation
Aviation and airports
Financial services and investments
Foreign and international corporations
Income tax deductions
Income tax exclusion
Marine and inland water transportation
Taxation of foreign income
American Shipping Reinvestment Act of 2009
Introduced: May 21, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2009
Referred to the House Committee on Ways and Means.
May 21, 2009
Introduced in House
Plain-English summary
American Shipping Reinvestment Act of 2009 - Amends the Internal Revenue Code to: (1) repeal shipping investment withdrawal tax rules; and (2) allow U.S. corporate shareholders an election to deduct dividends attributable to foreign base company shipping income received from a controlled foreign corporation.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1