H.R. 2542 · 111th Congress
American Shipping Reinvestment Act of 2009
- Stage
- In committee
- Sponsor
- Jim McDermott
- Introduced
- 2009-05-21
- Latest action
- 2009-05-21 · Introduced in House
Summary
American Shipping Reinvestment Act of 2009 - 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.