American Shipping Reinvestment Act of 2008
Last action on Jun 25, 2008Referred to the House Committee on Ways and Means.
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Summary
American Shipping Reinvestment Act of 2008 - Amends the Internal Revenue Code to: (1) repeal shipping investment withdrawal tax rules; and (2) allow U.S. corporate shareholders a tax deduction for dividends attributable to foreign base company shipping income received from a controlled foreign corporation.
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