H.R. 6374 · 110th Congress
American Shipping Reinvestment Act of 2008
- Stage
- In committee
- Sponsor
- Jim McDermott
- Introduced
- 2008-06-25
- Latest action
- 2008-06-25 · Introduced in House
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.