HR 10551 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to clarify that the investment tax credit is allowed for property subject to 46 U.S.C. 1177.

Introduced 1975-11-04· Sponsored by Rep. Sullivan, Leonor K. (Mrs. John B.) [D-MO-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-11-04)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that there shall not be a reduction in the investment tax credit under the Internal Revenue Code for vessels in the case where any deposit in or qualified withdrawal from a capital construction fund established under the Merchant Marine Act is made, or there is any reduction in the base required under such Act.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

1 Democrat1 Republican
Rep. Downing, Thomas N. [D-VA-1]
Rep. Ruppe, Philip E. [R-MI-11]