US HB2542 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 21 2009 - 25% progression, died in committee
Action: 2009-05-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 21 2009 - 25% progression, died in committee
Action: 2009-05-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
American Shipping Reinvestment Act of 2009 - Amends the Internal Revenue Code to: (1) repeal shipping investment withdrawal tax rules; and (2) allow U.S. corporate shareholders an election to deduct dividends attributable to foreign base company shipping income received from a controlled foreign corporation.
Title
American Shipping Reinvestment Act of 2009
Sponsors
| Rep. Gus Bilirakis [R-FL] | Rep. Charles Boustany [R-LA] | Rep. John Carter [R-TX] | Rep. Kathy Castor [D-FL] |
| Rep. Susan Davis [D-CA] | Rep. Norman Dicks [D-WA] | Rep. Chaka Fattah [D-PA] | Sen. Dean Heller [R-NV] |
| Rep. Wally Herger [R-CA] | Rep. Ron Klein [D-FL] | Rep. Frank Kratovil [D-MD] | Rep. Rick Larsen [D-WA] |
| Rep. John Larson [D-CT] | Rep. Frank LoBiondo [R-NJ] | Rep. Eric Massa [D-NY] | Rep. Thaddeus McCotter [R-MI] |
| Rep. Jim McDermott [D-WA] | Rep. Michael McMahon [D-NY] | Rep. John Mica [R-FL] | Rep. Candice Miller [R-MI] |
| Rep. Tim Murphy [R-PA] | Rep. Devin Nunes [R-CA] | Rep. Glenn Nye [D-VA] | Rep. Glenn Nye [D-VA] |
| Rep. David Reichert [R-WA] | Rep. Peter Roskam [R-IL] | Rep. Paul Ryan [R-WI] | Rep. Adam Smith [D-WA] |
| Rep. Bennie Thompson [D-MS] | Rep. Patrick Tiberi [R-OH] | Sen. Chris Van Hollen [D-MD] | Rep. Robert Wexler [D-FL] |
| Rep. Robert Wittman [R-VA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-05-21 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1610 (Same As) 2009-08-06 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9011-9012)
Subjects
Aviation and airports
Financial services and investments
Foreign and international corporations
Income tax deductions
Income tax exclusion
Marine and inland water transportation
Taxation
Taxation of foreign income
Financial services and investments
Foreign and international corporations
Income tax deductions
Income tax exclusion
Marine and inland water transportation
Taxation
Taxation of foreign income
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/2542/all-info |
| Text | https://www.congress.gov/111/bills/hr2542/BILLS-111hr2542ih.pdf |
