HR 1267
112th Congress
House
Taxation
Income tax rates
Marine and inland water transportation
To amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on certain vessels.
Introduced: March 30, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 30, 2011
Referred to the House Committee on Ways and Means.
Mar 30, 2011
Introduced in House
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1