H.R.3262: Merchant Marine Cost Parity Act of 2001

About This Bill

  • This bill was introduced in the 107th Congress
  • This bill is primarily about taxation
  • Introduced Nov. 8, 2001
  • Latest Major Action Nov. 9, 2001

Bill Cosponsor

Bill Summary

Merchant Marine Cost Parity Act of 2001 - Amends the Internal Revenue Code to create an alternative tax on qualifying shipping activities in U.S. foreign trade. Sets forth a formula for determining taxable income from such activities. Provides for the allocation of taxable income among all persons considered operators on the basis of their ownership and charter interests in a qualifying vessel.Sets forth the terms and conditions under which...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Ways and Means
Referred to House Transportation and Infrastructure
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Nov. 8, 2001

Introduced in the House by James L. Oberstar (D-Minn.)

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