US SB626 | 2011-2012 | 112th Congress
Status
Sponsorship: Slight Partisan Bill (Democrat 8-4)
Status: Introduced on March 17 2011 - 25% progression, died in committee
Action: 2011-03-17 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1839-1840)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 17 2011 - 25% progression, died in committee
Action: 2011-03-17 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1839-1840)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
American Shipping Reinvestment Act of 2011 - 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 2011
Sponsors
| Sen. Maria Cantwell [D-WA] | Sen. Daniel Akaka [D-HI] | Sen. Richard Burr [R-NC] | Sen. Thomas Carper [D-DE] |
| Sen. Thad Cochran [R-MS] | Sen. Daniel Inouye [D-HI] | Sen. Mary Landrieu [D-LA] | Sen. Patty Murray [D-WA] |
| Sen. John Rockefeller [D-WV] | Sen. Olympia Snowe [R-ME] | Sen. Debbie Stabenow [D-MI] | Sen. David Vitter [R-LA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-03-17 | Senate | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1839-1840) |
| 2011-03-17 | Senate | Sponsor introductory remarks on measure. (CR S1838-1839) |
Same As/Similar To
HB1031 (Same As) 2011-03-11 - Referred to the House Committee on Ways and Means.
Subjects
Aviation and airports
Financial services and investments
Foreign and international corporations
Income tax deductions
Income tax exclusion
Marine and inland water transportation
Taxation of foreign income
Financial services and investments
Foreign and international corporations
Income tax deductions
Income tax exclusion
Marine and inland water transportation
Taxation of foreign income
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/626/all-info |
| Text | https://www.congress.gov/112/bills/s626/BILLS-112s626is.pdf |
