S. 626 · 112th Congress
American Shipping Reinvestment Act of 2011
- Stage
- In committee
- Sponsor
- Maria Cantwell
- Introduced
- 2011-03-17
- Latest action
- 2011-03-17 · Introduced in Senate
Summary
American Shipping Reinvestment Act of 2011 - 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.