46 USC § 53304
Vessel ownership
through Pub. L. 116-344, except Pub. Ls. 116-260 and 116-283

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.

Open Table
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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