All American Cruise Act of 1999

[AI summary unavailable — showing source text] All American Cruise Act of 1999 - Title I: Tax Incentives for Cruise Ship Construction and Operation - Amends the Internal Revenue Code to: (1) permit contractors building certain cruise ships to use the completed contract method of accounting; (2) exclude from the gross income of a corporation amounts derived from the operation of a U.S. built and documented cruise ship; (3) allow a cruise ship construction credit; (4) classify a cruise ship as seven-year property under the accelerated cost recovery system; (5) revise requirements concerning the deduction for business expenses on cruise ships; and (6) allow a credit for the use of clean-burning engines on U.S. cruise ships. Title II: Capital Construction Funds for Passenger Vessel Construction - Amends the Merchant Marine Act, 1936 to, among other things: (1) add passenger vessels in the oceangoing domestic trade to the list of vessels for which a capital construction fund may be established; (2) redefine "eligible vessel" and "qualified vessel;" and (3) define "foreign commerce", "foreign trade," "passenger vessel," and "oceangoing domestic trade." Amends Internal Revenue Code provisions concerning tax incentives relating to merc…