US SB57 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S172)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S172)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to modify the alternative tax on qualifying shipping activities to treat a corporation electing such tax as continuing to use a qualifying vessel in the U.S. foreign trade during any period of use in the U.S. domestic trade, thus eliminating the 30 day limitation on operating in U.S. domestic trade under current law.
Title
A bill to amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on certain vessels.
Sponsors
| Sen. Daniel Inouye [D-HI] | Sen. Mark Begich [D-AK] | Sen. Maria Cantwell [D-WA] | Sen. Jeff Merkley [D-OR] |
| Sen. Patty Murray [D-WA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-01-25 | Senate | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S172) |
| 2011-01-25 | Senate | Sponsor introductory remarks on measure. (CR S171-172) |
Same As/Similar To
HB1267 (Same As) 2011-03-30 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/57/all-info |
| Text | https://www.congress.gov/112/bills/s57/BILLS-112s57is.pdf |
