Title 46
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Title 46
Title 46
CONSTRUCTION RESERVE FUNDS
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Title 46
12
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Definitions
Authority for construction reserve funds
Persons eligible to establish funds
Vessel ownership
Eligible fund deposits
Recognition of gain for tax purposes
Basis for determining gain or loss and for depreciating new vessels
Order and proportions of deposits and withdrawals
Accumulation of deposits
Obligation of deposits and period for construction of certain vessels
Taxation of deposits on failure of conditions
Assessment and collection of deficiency tax