United States Flag Ship Fair Competition Tax Act of 1981 - Amends the Internal Revenue Code to permit accelerated depreciation for vessels documented under the laws of the United States. Provides a useful life of one or more years for vessels constructed in the United States and a useful life of five or more years for foreign-built vessels.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line