Skip to main content
HR 3786 97th Congress House

United States Flag Ship Fair Competition Tax Act of 1981

Official title: A bill to amend the Internal Revenue Code of 1954 to allow the deduction for depreciation to be computed using a useful life of 1 or more years in the case of … Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1954 to allow the deduction for depreciation to be computed using a useful life of 1 or more years in the case of vessels constructed in, and documented under the laws of, the United States and 5 or more years in the case of other vessels documented under the laws of the United States, and for other purposes.

Introduced: June 4, 1981 See on congress.gov
Taxation Depreciation and amortizationIncome taxShipbuildingShips
More subjectsShow fewer subjects
Ships and shippingTax deductions
Sign in to write a letter Sign in to watch
This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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
Jun 4, 1981
Referred to House Committee on Ways and Means.
Jun 4, 1981
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action June 4, 1981

Referred to House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

United States Flag Ship Fair Competition Tax Act of 1981 - Amends the Internal Revenue Code to permit accelerated depreciation for vessels documented under the laws of the United States. Provides a useful life of one or more years for vessels constructed in the United States and a useful life of five or more years for foreign-built vessels.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
D
Wyden, Ron
Oregon · Jun 17, 1981
TAUZIN, W.
· Jun 4, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3786: United States Flag Ship Fair Competition Tax Act of 1981. 97th Congress. Open America. https://openamerica.io/bill/97-HR-3786/
MLA
"H.R. 3786: United States Flag Ship Fair Competition Tax Act of 1981." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-3786/.
Bluebook (legal)
H.R. 3786, 97th Cong. (2026), https://openamerica.io/bill/97-HR-3786/.
Markdown link
[H.R. 3786: United States Flag Ship Fair Competition Tax Act of 1981](https://openamerica.io/bill/97-HR-3786/)
Report a problem