46 U.S. Code Section 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.

46 U.S.C. § 53304 (2021)
Historical and Revision Notes
Historical and Revision Notes


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.

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