United States · Bill · HR
H.R. 677 (106th)
Boat Building Investment Act of 1999
Introduced
10 February 1999
Last action
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Status
Referred to the Subcommittee on Telecommunications, Trade, and Consumer Protection, for a period to be subsequently determined by the Chairman.
Sponsors
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Subjects
Discovery layer
Source updated
20 August 2025
Summary
Boat Building Investment Act of 1999 - Amends the Internal Revenue Code to allow a personal tax credit (20 percent of the cost, $2 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.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 10 February 1999
Introduced in House (PDF)
Introduced in House · EN · 10 February 1999
Introduced in House
summary · EN · 10 February 1999
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/106th-congress/house-bill/677
- Open data entity: https://api.congress.gov/v3/bill/106/hr/677