To amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on vessels operating in the dual United States domestic and foreign trades, and for other purposes.

Summary

Amends the Internal Revenue Code to modify the alternative tax on qualifying shipping activities to treat a corporation electing such tax as continuing to use a qualifying vessel in the U.S. foreign trade during any period of use in the U.S. domestic trade, thus eliminating the 30 day limitation on operating in U.S. domestic trade under current law.

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

Timeline

1. 21 June 2007

   Introduced

   Introduced in House

   Source: IntroReferral

2. 21 June 2007

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 21 June 2007

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 21 June 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 June 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 June 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 June 2007

  Open at official source

Sponsors

• Rep. Meek, Kendrick B. [D-FL-17] · D · Sponsor
• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• Earl Blumenauer · D · Sponsor
• Rep. Abercrombie, Neil [D-HI-1] · D · Sponsor
• Rep. Thompson, Mike [D-CA-4] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on vessels operating in the dual United States domestic and foreign trades, and for other purposes.