A bill to exclude deposits into a capital construction fund account under section 607(d) of the Merchant Marine Act from net earnings from self-employment.

Summary

Amends the Merchant Marine Act, 1936 and the Internal Revenue Code to permit participants in a capital construction fund to reduce their self-employment income by the amount of contributions to such fund. Makes nonqualified withdrawals subject to the self-employment tax.

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

Timeline

1. 4 February 1993

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 4 February 1993

   Introduced

   Sponsor introductory remarks on measure. (CR S1470-1471)

   Source: IntroReferral

3. 4 February 1993

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 4 February 1993 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 February 1993

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 February 1993

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 4 February 1993

  Open at official source

Sponsors

• Sen. Stevens, Ted [R-AK] · R · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.