S. 3359 · 110th Congress
American Shipping Reinvestment Act of 2008
- Stage
- In committee
- Sponsor
- Maria Cantwell
- Introduced
- 2008-07-29
- Latest action
- 2008-07-29 · Introduced in Senate
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.