US HB1031 | 2011-2012 | 112th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 11 2011 - 25% progression, died in committee
Action: 2011-03-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 11 2011 - 25% progression, died in committee
Action: 2011-03-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
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.
Title
American Shipping Reinvestment Act of 2011
Sponsors
| Rep. Patrick Tiberi [R-OH] | Rep. Robert Andrews [D-NJ] | Rep. Charles Boustany [R-LA] | Rep. Kathy Castor [D-FL] |
| Rep. Wally Herger [R-CA] | Rep. Rick Larsen [D-WA] | Rep. John Larson [D-CT] | Rep. Frank LoBiondo [R-NJ] |
| Rep. Jim McDermott [D-WA] | Rep. John Mica [R-FL] | Rep. Devin Nunes [R-CA] | Rep. William Owens [D-NY] |
| Rep. Nick Rahall [D-WV] | Rep. Charles Rangel [D-NY] | Rep. Cedric Richmond [D-LA] | Rep. Peter Roskam [R-IL] |
| Rep. Aaron Schock [R-IL] | Rep. Bennie Thompson [D-MS] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-03-11 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB626 (Same As) 2011-03-17 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1839-1840)
Subjects
Aviation and airports
Financial services and investments
Foreign and international corporations
Income tax deductions
Income tax exclusion
Marine and inland water transportation
Taxation
Taxation of foreign income
Financial services and investments
Foreign and international corporations
Income tax deductions
Income tax exclusion
Marine and inland water transportation
Taxation
Taxation of foreign income
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/1031/all-info |
| Text | https://www.congress.gov/112/bills/hr1031/BILLS-112hr1031ih.pdf |
