Capital Construction Fund Penalty Relief Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 13, 2013)
Capital Construction Fund Penalty Relief Act - Permits any person who entered into a capital construction fund agreement (an agreement to provide replacement vessels, additional vessels, or reconstructed vessels) with respect to certain vessels operated in the fisheries of the United States to make an election to terminate the capital construction fund established under such agreement.
Amends the Internal Revenue Code to prescribe requirements regarding the effect of such an election, including the distribution and taxation of such funds, on individuals and entities.
What just happenedMar 13, 2013
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1788-1789)
Who’s behind it
- Introduced in SenateMar 13, 2013
- Mar 13, 2013IntroReferral
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1788-1789)
- Mar 13, 2013IntroReferralB00100
Sponsor introductory remarks on measure. (CR S1787-1788)
- Mar 13, 2013IntroReferral10000
Introduced in Senate