American Shipping Reinvestment Act of 2008

Fact Sheet API

Bill Number

HR 6374

Introduced

Jun 25, 2008

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Air cargo Commerce Dividends Finance and Financial Sector Foreign corporations Foreign Trade and International Finance Income tax Investments Merchant ships Stockholders Tax deductions Tax exclusion Taxation Taxation of foreign income Transportation and Public Works

Full Text

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Votes

Summary

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.

Actions

Jun 25, 2008

Referred to the House Committee on Ways and Means.
Jun 25, 2008

Introduced in House

Amendments

Related Bills