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United States · Bill · HR

H.R. 677 (106th)

Boat Building Investment Act of 1999

referredUnited States· United States Congress· EN

Introduced

10 February 1999

Last action

1 March 1999 · 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

20 August 2025

Taxation

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.

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

Timeline

  1. 10 February 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 10 February 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 10 February 1999

    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

  4. 10 February 1999

    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. 1 March 1999

    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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Leesvertaling

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  • Introduced in House (text)

    Introduced in House · EN · 10 February 1999

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 10 February 1999

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 10 February 1999

    Open at official source

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Sponsors

Related records

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Sources

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