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United States · Bill · HR

H.R. 3536 (105th)

Boat Building Investment Act of 1998

referredUnited States· United States Congress· EN

Introduced

24 March 1998

Last action

31 March 1998 · Referred

Status

Referred to the Subcommittee on Telecommunications, Trade, and Consumer Protection, for a period to be subsequently determined by the Chairman.

Sponsors

Rep. Kennedy, Patrick J. [D-RI-1]

Subjects

Taxation

Source updated

21 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Boat Building Investment Act of 1998 - Amends the Internal Revenue Code to allow a personal tax credit (20 percent of the cost, $10 million maximum) for the purchase of a new U.S.-made luxury yacht. Sets forth credit recapture rules upon disposition or registration or maintenance outside the United States. Directs the Secretary of Commerce to establish a grant program to: (1) encourage persons outside the United to purchase such yachts; and (2) train yacht workers. Authorizes appropriations.

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

Timeline

  1. 24 March 1998

    Introduced

    Referred to House Ways and Means

    Source: IntroReferral

  2. 24 March 1998

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 24 March 1998

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 24 March 1998

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  5. 31 March 1998

    Referred

    Referred to the Subcommittee on Telecommunications, Trade, and Consumer Protection, for a period to be subsequently determined by the Chairman.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 24 March 1998

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 24 March 1998

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 24 March 1998

    Open at official source

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Sponsors

Related records

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Sources

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