Shipping Income Reform Act of 1999

Summary

Shipping Income Reform Act of 1999 - Amends the Internal Revenue Code to exclude from the definition of foreign base company income foreign base company shipping income: (1) derived from a vessel registered in the Bahamas, Honduras, Liberia, Panama, the Marshall islands, or other countries certified by the Secretary of Transportation, if the vessel owner enters into an agreement to operate a U.S.-flag fleet for at least 320 days annually; or (2) the owner does not derive U.S.-source income and has not engaged in the carriage of any cargoes in the U.S. import or export trade for at least 320 days annually.

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Timeline

1. 6 January 1999

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 6 January 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 January 1999

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 January 1999 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 January 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 January 1999

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 6 January 1999

  Open at official source

Sponsors

• Rep. Shaw, E. Clay, Jr. [R-FL-15] · R · Sponsor
• Rep. Jefferson, William J. [D-LA-2] · D · Cosponsor
• Rep. Foley, Mark [R-FL-16] · R · Cosponsor
• · hswm00 · Standing

Related records

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