American Shipping Reinvestment Act of 2008

Fact Sheet API

Bill Number

S 3359

Introduced

Jul 29, 2008

Latest Action

Read twice and referred to the Committee on Finance.

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

Jul 29, 2008

Read twice and referred to the Committee on Finance.
Jul 29, 2008

Introduced in Senate

Amendments

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