S. 1495 (110th): A bill to amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on vessels operating in the dual United States domestic and foreign trades, and for other purposes.

Introduced:
May 24, 2007 (110th Congress, 2007–2009)
Status:
Died (Referred to Committee) in a previous session of Congress

This bill was introduced on May 24, 2007, in a previous session of Congress, but was not enacted.

Introduced
May 24, 2007
 
Sponsor
Daniel Inouye
Senator from Hawaii
Party
Democrat
Text
Read Text »
Last Updated
May 24, 2007
Length
3 pages
Related Bills
S. 58 (111th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jan 06, 2009

H.R. 2816 (identical)

Referred to Committee
Last Action: Jun 21, 2007

 
Summary

No summaries available.

 
Cosponsors
3 cosponsors (2D, 1R) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/24/2007--Introduced.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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