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S 1656 111th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities, and for other…

Official title: A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying … Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities, and for other purposes.

Introduced: September 9, 2009 See on congress.gov
Taxation Income tax ratesMarine and inland water transportationSmall business
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 9, 2009
Read twice and referred to the Committee on Finance.
Sep 9, 2009
Introduced in Senate
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 Latest action September 9, 2009

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to provide for the tax treatment of the notional shipping income of S corporation shareholders by requiring the inclusion of such income for purposes of the alternative tax on qualifying shipping activities and by imposing a 15% surtax on certain differential amounts related to such income.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Klobuchar, Amy
Minnesota · Sep 9, 2009
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APA
U.S. Congress. (2026). S. 1656: A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities, and for other purposes.. 111th Congress. Open America. https://openamerica.io/bill/111-S-1656/
MLA
"S. 1656: A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities, and for other purposes.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-1656/.
Bluebook (legal)
S. 1656, 111th Cong. (2026), https://openamerica.io/bill/111-S-1656/.
Markdown link
[S. 1656: A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities, and for other purposes.](https://openamerica.io/bill/111-S-1656/)
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