26 C.F.R. PART 2--MARITIME CONSTRUCTION RESERVE FUND
TITLE 26--Internal Revenue
CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY
SUBCHAPTER A--INCOME TAX
PART 2--MARITIME CONSTRUCTION RESERVE FUND
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Statutory provisions; sections 511 and 905, Merchant Marine Act, 1936, and related statutes.
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Scope of section 511 of the Act and the regulations in this part.
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Requirements as to vessel operations.
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Application to establish fund.
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Tentative authorization to establish fund.
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Circumstances permitting reimbursement from a construction reserve fund.
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Investment of funds in securities.
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Valuation of securities in fund.
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Election as to nonrecognition of gain.
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Deposit of proceeds of sales or indemnities.
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Deposit of earnings and receipts.
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Time for making deposits.
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Tax liability as to earnings deposited.
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Allocation of gain for tax purposes.
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Requirements as to new vessels.
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Period for construction of certain vessels.
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Time extensions for expenditure or obligation.
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Noncompliance with requirements.
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Assessment and collection of deficiencies.
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Administrative jurisdiction.
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