Qualifying Vessel Operator Law and Legal Definition
According to 26 USCS § 1355 [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes And Surtaxes; Subchapter R. Election To Determine Corporate Tax On Certain International Shipping; Activities Using Per Ton Rate], the term "qualifying vessel operator" means "any corporation--
(A) who operates one or more qualifying vessels, and
(B) who meets the shipping activity requirement in subsection (c)."
Legal Definition list
Related Legal Terms
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Agreement Vessel
- Agricultural Commodity Cooperator
- Air Taxi Operator
- Aircraft Operator [Aeronautics and Space]
- Airport Operator [HUD]
- American Vessel
- Armed Forces Vessel
- Arrival of a Vessel
- Atomic Energy Operator's License
