H.R. 2816 would amend the Internal Revenue Code of 1986 to modify the application of the tonnage tax on vessels operating in the dual United States domestic and foreign trades.

== Detailed Summary ==

<summary>
(Log inAmends the Internal Revenue Code to editmodify the wiki and be the firstalternative tax on qualifying shipping activities to providetreat a detailed summarycorporation electing such tax as continuing to use a qualifying vessel in the U.S. foreign trade during any period of use in the bill!)U.S. domestic trade, thus eliminating the 30 day limitation on operating in U.S. domestic trade under current law.
</summary>

<!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. -->

== Status of the Legislation ==

<status>
Latest Major Action: 6/21/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
</status>

<!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. -->

== Points in Favor ==

(Log in to edit the wiki and be the first to show why the bill should pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->

== Points Against ==

(Log in to edit the wiki and be the first to show why the bill should not pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->