46 C.F.R. Part 287 – Establishment of Construction Reserve Funds | Midpage

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Code of Federal Regulations

Part 287

46 C.F.R. Part 287

Establishment of Construction Reserve Funds

287.1Definitions.287.2Scope of section 511 of the Act and the regulations in this part.287.3Requirements as to vessel operations.287.4Application to establish fund.287.5Tentative authorization to establish fund.287.6Establishment of fund.287.7Circumstances permitting reimbursement from a construction reserve fund.287.8Investment of funds in securities.287.9Valuation of securities in fund.287.10Withdrawals from fund.287.11Time deposits.287.12Election as to nonrecognition of gain.287.13Deposit of proceeds of sales or indemnities.287.14Deposit of earnings and receipts.287.15Time for making deposits.287.16Tax liability as to earnings deposited.287.17Basis of new vessel.287.18Allocation of gain for tax purposes.287.19Requirements as to new vessels.287.20Obligation of deposits.287.21Period for construction of certain vessels.287.22Time extensions for expenditure or obligation.287.23Noncompliance with requirements.287.24Extent of tax liability.287.25Assessment and collection of deficiencies.287.26Reports by taxpayers.287.27Controlled corporation.287.28Administrative jurisdiction.