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          <title>WashingtonWatch.com - S. 1495, A bill to 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, and for other purposes</title>
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<title>Status as of September 24, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_SN_1495.html</link>
<description>9/24/2007: Cleared for White House.</description>
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<pubDate>Mon, 24 Sep 2007 00:00:00 EDT</pubDate>
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<item>
<title>Revision by webmaster (July 2, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_SN_1495.html?rev=3508</link>
<description>&lt;p&gt;S. 1495 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.&lt;/p&gt;


&lt;h2 id=&quot;toc0&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--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. --&gt;

&lt;h2 id=&quot;toc1&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 5/24/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.&lt;/p&gt;


&lt;!-- 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. --&gt;

&lt;h2 id=&quot;toc2&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc3&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

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<guid isPermaLink="false">3508@http://www.washingtonwatch.com</guid>
<pubDate>Mon, 02 Jul 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (July 2, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_SN_1495.html?rev=3509</link>
<description>&lt;p&gt;S. 1495 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.&lt;/p&gt;


&lt;h2 id=&quot;toc4&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Amends the Internal Revenue Code to modify the alternative tax on qualifying shipping activities to treat a corporation electing such tax as continuing to use a qualifying vessel in the U.S. foreign trade during any period of use in the U.S. domestic trade, thus eliminating the 30 day limitation on operating in U.S. domestic trade under current law.&lt;/p&gt;


&lt;!--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. --&gt;

&lt;h2 id=&quot;toc5&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 5/24/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.&lt;/p&gt;


&lt;!-- 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. --&gt;

&lt;h2 id=&quot;toc6&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc7&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

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<guid isPermaLink="false">3509@http://www.washingtonwatch.com</guid>
<pubDate>Mon, 02 Jul 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of May 24, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_SN_1495.html</link>
<description>5/24/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.</description>
<guid isPermaLink="false">21716@http://www.washingtonwatch.com</guid>
<pubDate>Thu, 24 May 2007 00:00:00 EDT</pubDate>
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