A bill to amend the Internal Revenue Code of 1954 to clarify that the investment tax credit is allowed for property subject to 46 U.S.C. 1177.

Summary

Provides that there shall not be a reduction in the investment tax credit under the Internal Revenue Code for vessels in the case where any deposit in or qualified withdrawal from a capital construction fund established under the Merchant Marine Act is made, or there is any reduction in the base required under such Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 November 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 4 November 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 November 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 4 November 1975

  Open at official source

Sponsors

• Rep. Sullivan, Leonor K. (Mrs. John B.) [D-MO-3] · D · Sponsor
• Rep. Downing, Thomas N. [D-VA-1] · D · Cosponsor
• Rep. Ruppe, Philip E. [R-MI-11] · R · Cosponsor
• · hswm00 · Standing

Related records

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