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December 16, 2022
|1 min read
Congress Authorizes Major Expansion of Vessel Tax Deferral Program
The National Defense Authorization Act for Fiscal Year 2023 sent to President Biden for his signature on December 16, 2022 contains a major expansion of
the Capital Construction Fund vessel tax deferral program designed to help finance the construction of vessels in the United States.
the Capital Construction Fund vessel tax deferral program designed to help finance the construction of vessels in the United States.
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MaritimeFedWatch features updates and discussions on current maritime legal issues and developments. The blog covers environmental regulation and crimes, piracy, the Jones Act, U.S. Coast Guard initiatives, U.S. Congressional enactments, and many other topics of interest to the U.S.-flag industry and the world wide maritime industry’s interaction with the United States.
