46-U.S.C.-53309
§53309 – Accumulation of Deposits
Pathway
Title 46 > Subtitle V > Part C > Chapter 533 > Section 53309
Details
- Reference: Section 53309
- Legend: §53309 – Accumulation of Deposits
- USCode Year: 2013
Provision Content
For any taxable year, amounts on deposit in a construction reserve fund on the last day of the taxable year, for which the requirements of section 53310 of this title have been satisfied (to the extent they apply on the last day of the taxable year), are deemed to have been retained for the reasonable needs of the business within the meaning of section 537(a) of the Internal Revenue Code of 1986 (26 U.S.C. 537(a)).
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1589.)
Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
53309 | 46 App.:1161(f). | June 29, 1936, ch. 858, title V, §511(f), as added Oct. 10, 1940, ch. 849, 54 Stat. 1107. |
The words are deemed to have been retained for the reasonable needs of the business within the meaning of section 537(a) of the Internal Revenue Code of 1986 (26 U.S.C. 537(a)) are substituted for shall not constitute an accumulation of earnings or profits within the meaning of section 102 of the Internal Revenue Code because section 102 of the Internal Revenue Code of 1939 has been superseded by part 1 of subchapter G of chapter 1 of the Internal Revenue Code of 1986 (26 U.S.C. 531 et seq.). See also 46 C.F.R. §287.16 (2003).
U.S. Encyclopedia of Law Coverage
Chapter 531 – Maritime Security Fleet in the Legal Encyclopedia: Shipping
In this entry about Chapter 531 – Maritime Security Fleet, find legal reference material, bibliographies and premiere content related to shipping in the American Encyclopedia of Law, presenting a comprehensive view of the United States shipping-specific issues, written by authorities in the field.
Part C – Financial Assistance Programs in the Legal Encyclopedia: Programs
In this entry about Part C – Financial Assistance Programs, find legal reference material, bibliographies and premiere content related to programs in the American Encyclopedia of Law, presenting a comprehensive view of the United States programs-specific issues, written by authorities in the field.
46-U.S.C.-53108 in the Legal Encyclopedia: Merchant Marine
In this entry about 46-U.S.C.-53108, find legal reference material, bibliographies and premiere content related to merchant marine in the American Encyclopedia of Law, presenting a comprehensive view of the United States merchant marine-specific issues, written by authorities in the field.
Title 46 – Shipping in the Legal Encyclopedia: Financial Assistance
In this entry about Title 46 – Shipping, find legal reference material, bibliographies and premiere content related to financial assistance in the American Encyclopedia of Law, presenting a comprehensive view of the United States financial assistance-specific issues, written by authorities in the field.
Leave a Reply