U.S. Congress - H.R.6374 American Shipping Reinvestment Act of 2008
H.R.6374 - American Shipping Reinvestment Act of 2008
To amend the Internal Revenue Code of 1986 to repeal the shipping investment withdrawal rules in section 955 and to provide an incentive to reinvest foreign shipping earnings in the United States. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to repeal the shipping investment withdrawal rules in section 955 and to provide an incentive to reinvest foreign shipping earnings in the United States. as introduced.
- Short: American Shipping Reinvestment Act of 2008 as introduced.
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Official Summary
6/25/2008--Introduced.American Shipping Reinvestment Act of 2008 - Amends the Internal Revenue Code to: (1) repeal shipping investment withdrawal tax rules; and (2) allow U.S. corporate shareholders a tax deduction for dividends attributable to foreign base company shipping income receivedOfficial Summary
6/25/2008--Introduced.American Shipping Reinvestment Act of 2008 - Amends the Internal Revenue Code to:
(1) repeal shipping investment withdrawal tax rules; and
(2) allow U.S. corporate shareholders a tax deduction for dividends attributable to foreign base company shipping income received from a controlled foreign corporation.
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Recent Blog Coverage
OpenCongress - U.S. Congress - S.3359 American Shipping ...
Related Bills:. H.R.6374. Related Issue Areas:. Transportation · Trade · Taxation of foreign income · Tax exclusion · 11 more · Tax deductions · Stockholders · Merchant ships · Investments · In
WashingtonWatch.com - S. 3359, The American Shipping Reinvestment ...
The American Shipping Reinvestment Act of 2008 (H.R. 6374) · To amend the Internal Revenue Code of 1986 to allow a temporary dividends received deduction for taxable years beginning in 2008 or 2009 (H.R. 7044) (more recent activity!) ...
Earned Income Credit
Internal Revenue Service HR 6374 would amend the . for employees and clients alike. Non-taxable combat pay will no longer be considered for the Earned Income Credit (EIC). In TY 2007, nontaxable combat pay could be used in the ...
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