S. 551 · 113th Congress
Capital Construction Fund Penalty Relief Act
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WydenSponsor5 cosponsors · 4 D, 1 R
5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Capital Construction Fund Penalty Relief Act
Latest action (Mar 13, 2013): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1788-1789)
Policy area: Transportation and Public Works · Origin: Senate · Introduced: Mar 13, 2013
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.