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Volume 1
- Budget Message
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Volume 2
- Budget Development
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- Appendix A
- Glossary
2.101 -Deferral of Tax on Certain Shipping Companies
Item | Description | FY2011 | FY2012 | FY2013 |
---|---|---|---|---|
2.101 | Deferral of Tax on Certain Shipping Companies
Certain companies with merchant marine capital construction funds receive up to a 25-year deferral of tax on that portion of their net income, which is set aside for construction, modernization, and major repair of ships. Origin: IRC, S. 1177, S. 7518(c), (g)(5) Estimate: $1.1 |
1.2 | 1.1 | 1.1 |
Key:
ORIGIN | |
IRC | Federal Internal Revenue Code (26 U.S.C.) |
---|---|
M.G.L. | Massachusetts General Laws |
U.S.C | United States Code |
ESTIMATES | All estimates are in $ millions. |
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