HB4993: To amend title 46, United States Code, to include the replacement or purchase of additional cargo handling equipment as an eligible purpose for Capital Construction Funds, and for other purposes.
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend title 46, United States Code, to include the replacement or purchase of additional cargo handling equipment as an eligible purpose for Capital Construction Funds, and for other purposes.
Plain-language summary
This bill amends federal shipping law to allow ship owners to use Capital Construction Funds for buying or replacing cargo handling equipment. Capital Construction Funds are special savings accounts that give ship owners tax breaks when they set aside money for ship improvements. The bill expands what improvements qualify for this tax benefit to include equipment used to load and unload cargo. The bill is currently introduced in Congress and has not yet been assigned to a .
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HB4993: To amend title 46, United States Code, to include the replacement or purchase o…
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Sponsors
Mike Ezell
Primary SponsorCo-sponsors (19)
Troy Carter
Jake Auchincloss
Daniel Webster
Trent Kelly
Clay Higgins