The law › Title 46, Shipping › Chapter 535

46 U.S.C. 53510: Tax treatment of qualified withdrawals and basis of property

Created in 2006 by Public Law 109-304. Not changed since. No bill we track in this Congress changes it.

1 other section of the Code cite this one, including 46 U.S.C. 53512.

How it got hereLaws that created or changed it, newest first

2006Pub. L. 109-304created it

46 U.S.C. 53510Tax treatment of qualified withdrawals and basis of property

(a)Order of Withdrawals.—A qualified withdrawal from a capital construction fund…

(b)Ordinary Income Account Withdrawals.—If a portion of a qualified withdrawal for…

(c)Capital Gain Account Withdrawals.—If a portion of a qualified withdrawal for a…

(d)Withdrawals To Pay Principal.—If a portion of a qualified withdrawal to pay the…

(e)Gain on Property With Reduced Basis.—If property, the basis of which was…

This CongressBills that change it or would

None we track

past change
enacted this Congress
proposed

This Congress

No bill we track in the 119th Congress changes this section.

How it got here

Unchanged since Public Law 109-304 (Oct 6, 2006).

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.