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- S.57
S.57: A bill to amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on certain vessels.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Jan. 25, 2011
- Latest Major Action Jan. 25, 2011
Bill Sponsor
Bill Cosponsors
4 (All Democrats)
Bill Summary
Amends the Internal Revenue Code to modify the alternative tax on qualifying shipping activities to treat a corporation electing such tax as continuing to use a qualifying vessel in the U.S. foreign trade during any period of use in the U.S. domestic trade, thus eliminating the 30 day limitation on operating in U.S. domestic trade under current law.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Jan. 25, 2011 |
Introduced in the Senate by Daniel K. Inouye (D-Hawaii) |