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46 U.S. Code § 53304 - Vessel ownership

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.

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

53304

46 App.:1161(l).

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