2.101 -Deferral of Tax on Certain Shipping Companies

Item	Description	FY2010	FY2011	FY2012
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: $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.