Summary: H.R.3786 — 97th Congress (1981-1982)All Information (Except Text)

There is one summary for H.R.3786. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/04/1981)

United States Flag Ship Fair Competition Tax Act of 1981 - Amends the Internal Revenue Code to permit accelerated depreciation for vessels documented under the laws of the United States. Provides a useful life of one or more years for vessels constructed in the United States and a useful life of five or more years for foreign-built vessels.