S.1656 - A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities, and for other purposes.

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  • Official: A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities, and for other purposes. as introduced.

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Introduced
 
Senate
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House
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President
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09/08/09
 
 
 
 
 
 
 

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Official Summary

9/9/2009--Introduced.Amends the Internal Revenue Code to provide for the tax treatment of the notional shipping income of S corporation shareholders by requiring the inclusion of such income for purposes of the alternative tax on qualifying shipping activities and by imposing a 15% surtax
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Official Summary

9/9/2009--Introduced.Amends the Internal Revenue Code to provide for the tax treatment of the notional shipping income of S corporation shareholders by requiring the inclusion of such income for purposes of the alternative tax on qualifying shipping activities and by imposing a 15% surtax on certain differential amounts related to such income.

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Recent Blog Coverage

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11/08/10
George W. Bush's Decision Points

While Senate and House leaders voiced their intention to bring about the needed legislation, no reform bills materialized. A Senate reform bill introduced by Senator John Corzine (D-NJ) (S.1656) never made it out of the 21-member ...

Source: Flopping Aces
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09/10/10
9/11 – We Must Never Forget « DRUDGE RETORT

H.R. 1461 was sponsered by Republicans and S. 1656 was, as you say, sponsered by Democrats. My hat's off to them for that. Still in all, they were both defeated by a Democratically controlled committee. ...

Source: DRUDGE RETORT
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09/03/10
Faithful Progressive: New USA Today Gallup Poll: 71 Percent ...

The Bush administration tried to put restrictions on these lending institutions, such as S. 1656 and S.1461, only to be lost in the Democratically controlled Senate committee on Banking, Housing, and Urban Affairs which, by the way, ...

Source: Faithful Progressive
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