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2.101 -Deferral of Tax on Certain Shipping Companies
| Item | Description | FY2008 | FY2009 | FY2010 |
|---|---|---|---|---|
| 2.101 | Deferral of Tax on Certain Shipping Companies
Certain shipping companies 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: 46 U.S.C. S. 1177 and IRC S. 7518 Estimate: $0.1 |
0.1 | 0.1 | 0.1 |
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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