§ 53304. Vessel ownership

Latest version.

In this chapter, a vessel is deemed to be constructed or acquired by a taxpayer if constructed or acquired by a corporation when the taxpayer owns at least 95 percent of each class of stock of the corporation.

(Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1588.)

Historical And Revision

Historical and Revision Notes
53304	46 App.:1161(l).	June 29, 1936, ch. 858, title V, § 511(l), as added Oct. 10, 1940, ch. 849, 54 Stat. 1108.

Historical and Revision Notes

53304

46 App.:1161(l).

June 29, 1936, ch. 858, title V, § 511(l), as added Oct. 10, 1940, ch. 849, 54 Stat. 1108.

                    
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