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

rule
2.1
Statutory provisions; sections 511 and 905, Merchant Marine Act, 1936, and related statutes.
2.1-1
Definitions.
2.1-2
Scope of section 511 of the Act and the regulations in this part.
2.1-3
Requirements as to vessel operations.
2.1-4
Application to establish fund.
2.1-5
Tentative authorization to establish fund.
2.1-6
Establishment of fund.
2.1-7
Circumstances permitting reimbursement from a construction reserve fund.
2.1-8
Investment of funds in securities.
2.1-9
Valuation of securities in fund.
2.1-10
Withdrawals from fund.
2.1-11
Time deposits.
2.1-12
Election as to nonrecognition of gain.
2.1-13
Deposit of proceeds of sales or indemnities.
2.1-14
Deposit of earnings and receipts.
2.1-15
Time for making deposits.
2.1-16
Tax liability as to earnings deposited.
2.1-17
Basis of new vessel.
2.1-18
Allocation of gain for tax purposes.
2.1-19
Requirements as to new vessels.
2.1-20
Obligation of deposits.
2.1-21
Period for construction of certain vessels.
2.1-22
Time extensions for expenditure or obligation.
2.1-23
Noncompliance with requirements.
2.1-24
Extent of tax liability.
2.1-25
Assessment and collection of deficiencies.
2.1-26
Reports by taxpayers.
2.1-27
Controlled corporation.
2.1-28
Administrative jurisdiction.
rule



chanrobles.com