HR 4561
98th Congress
House
Transportation and Public Works
Accounting
Income tax
Marine transportation
Ships
Ships and shipping
A bill to amend the Internal Revenue Code with respect to the tax treatment of certain shipping income.
Introduced: November 18, 1983
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 27, 1984
See H.R.4170.
Nov 18, 1983
Referred to House Committee on Ways and Means.
Nov 18, 1983
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to set forth source of income rules for the tax treatment of shipping income. Provides that: (1) all shipping income attributable to transportation between two ports located in the United States shall be treated as derived from sources within the United States; and (2) 50 percent of all U.S. connected shipping income shall be treated as derived from sources within the United States.
Defines "United States shipping income" and "shipping income" for purposes of this Act.
What's happening now
See H.R.4170.
Committees of jurisdiction
1
Cosponsors
1