Source: http://topics.law.cornell.edu/uscode/text/46/53511?quicktabs_8=3
Timestamp: 2013-12-10 15:34:48
Document Index: 150924633

Matched Legal Cases: ['§ 53511', '§ 53511', '§ 53511', '§ 8', '§ 3528', '§ 535112012112']

46 USC § 53511 - Tax treatment of nonqualified withdrawals | Title 46 - Shipping | U.S. Code | LII / Legal Information Institute
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46 USC § 53511 - Tax treatment of nonqualified withdrawals
(a)) applies, the tax rate used under paragraph (1)(B) may not exceed 15 percent (or 34 percent for a corporation).
(Pub. L. 109–304, § 8(c),Oct. 6, 2006, 120 Stat. 1597.)
Amendment of Subsection (f)(2)
Subsection (f)(2) of this section was derived from the last paragraph of section 1177(h)(6)(A) of the former Appendix to this title, which was amended by section 301(a)(2)(E) ofPub. L. 108–27by substituting “15 percent” for “20 percent”. Section 303 ofPub. L. 108–27, as amended by section 102 ofPub. L. 109–222and section 102(a) ofPub. L. 111–312, set out as an Effective and Termination Dates of 2003 Amendment note under section 1 of Title 26, Internal Revenue Code, provided that such amendment shall not apply to taxable years beginning after December 31, 2012, and that the Internal Revenue Code of 1986 shall be applied and administered to such years as if the amendment had never been enacted. For applicability of section 303 ofPub. L. 108–27to subsection (f)(2) of this section, see section 3528 ofPub. L. 110–181, set out as an Application of Sunset Provision to Subsection (f)(2) note below and section 18(c), (d) ofPub. L. 109–304, set out as a Legislative Purpose and Construction note preceding section 101 of this title.
Pub. L. 110–181, div. C, title XXXV, § 3528,Jan. 28, 2008, 122 Stat. 603, provided that: “For purposes of section 303 of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (Public Law 108–27, 26 U.S.C. 1 note), the amendment made by section 301(a)(2)(E) of that Act [which amended section 1177(h)(6)(A) of the former Appendix to this title from which subsec. (f)(2) of this section was derived by substituting “15 percent” for “20 percent”] shall be deemed to have been made to section 53511
46 USCDescription of ChangeSession YearPublic LawStatutes at Large § 535112012112-240 [Sec.] 102(c)(1)(E)126 Stat. 2319 This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.19 CFR - Title 19—Customs Duties19 CFR 4 - VESSELS IN FOREIGN AND DOMESTIC TRADES