A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities, and for other purposes.

3.0.0 1656 2023-01-11T13:18:00Z 2023-01-11T13:18:00Z Senate S S 2009-09-09 111 ssfi00 Finance Committee Senate Standing Referred to 2009-09-09T19:04:24Z 2009-09-09 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2009-09-09 Introduced in Senate IntroReferral 10000 9 Library of Congress S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI N V000126 Sen. Voinovich, George V. [R-OH] GEORGE VOINOVICH R OH V. 2009-09-09 True L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2009-09-09 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2009-09-09 True Taxation Income tax rates Marine and inland water transportation Small business Taxation

00 2009-09-09 Introduced in Senate 2009-11-24T18:42:01Z Amends the Internal Revenue Code to provide for the tax treatment of the notional shipping income of S corporation shareholders by requiring the inclusion of such income for purposes of the alternative tax on qualifying shipping activities and by imposing a 15% surtax on certain differential amounts related to such income.

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A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities, and for other purposes. Display Title A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities, and for other purposes. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of S corporations for purposes of election of the alternative tax on qualifying shipping activities, and for other purposes. Introduced in Senate IS Introduced in Senate 2009-09-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s1656is/xml/BILLS-111s1656is.xml 2009-09-09 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.