S 626
112th Congress
Senate
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 2011
Introduced: March 17, 2011
Introduced by:
Cantwell, Maria
Democratic
· Washington
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2011
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1839-1840)
Mar 17, 2011
Sponsor introductory remarks on measure. (CR S1838-1839)
Mar 17, 2011
Introduced in Senate
Plain-English summary
American Shipping Reinvestment Act of 2011 - 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
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1839-1840)
Committees of jurisdiction
1
Cosponsors
1