Internal Revenue Service
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- SUCCESS O N TAX FRONT DOMINATED 100TH CONGRESS Maritime Reporter, Mar 1989 #47
The federal budget deficit, a problem of enormous scope and magnitude, has led tax administrators at all levels of government to create new and innovative ways to increase revenues. The tug and barge industry has been particularly hard hit. The states, to make up funds no longer provided by the federal government, are becoming increasingly more aggressive in taxing waterway operators. In addition to navigation user taxes, we have been confronted with a wide array of state and federal fuel taxes and general corporate tax requirements.
The tug and barge industry, in simple terms, is in a blizzard of taxes.
AWO focused much of its efforts in 1988 to reversing federal tax initiatives.
One of the association's goals for 1989 is to increase its visibility and effectiveness on issues within the jurisdiction of the taxwriting committees of Congress— the House Ways and Means Committee and the Senate Finance Committee. AWO will be closely monitoring deficit reduction proposals in all forums which could impact water carriers. Additionally, the AWO Board has directed the staff to pursue legislative relief from discriminatory state taxation. Such legislation would extend to water carriers the protections afforded to the rail, aviation and motor vehicle industries.
In 1988, the industry found itself in a particularly difficult bind. As a result of a budget bill Congress passed in late 1987, in part aimed at blunting the shock of the October market crash, tug and barge opera- tors found themselves paying millions of dollars in taxes they did not owe. The Act included a provision requiring all off-highway users of diesel fuel to pay, at time of purchase, 15.1 cents per gallon in highway taxes and then apply for an interest-free refund of those taxes from the Internal Revenue Service.
This provision, effective April 1, 1988, imposed a staggering cash flow burden on the waterways industry.
As a result, AWO generated one of the largest outcries of grassroots outrage and targeted media coverage in its history. Although this upfront payment requirement ceased as of January 1, 1989, it proved to be a bureaucratic as well as economic nightmare.
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- Ogden Corporation Announces Spinoff Of Ogden Marine Inc. Maritime Reporter, Nov 1983 #19
, 5 bulk carriers, 3 car/bulk carriers, 2 liquefied petroleum gas vessels and 1 ore/bulk/oil carrier. Ogden is seeking a ruling from the Internal Revenue Service that the spinoff will be tax-free to Ogden stockholders and expects the ruling to be favorable. The exact record date, distribution date
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- BARGE INDUSTRY WAITS FOR CONGRESSIONAL ACTION ON HIGHWAY DIESEL TAX Maritime Reporter, Jun 1988 #44
in his letter to Secretary Baker. The Secretary's response was, to paraphrase, "you guys fouled it up, now you guys fix it." The Internal Revenue Service recently decided to allow certain waterway operators (on the inland waterways alone) to offset payment of the inland waterway fuel tax against
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- Maritime & Offshore Employment: Contractors, Coverage and Confusion Maritime Logistics Professional, Q4 2014 #50
all time high, especially in light of the changing government regulations regarding the Patient Protection and Affordable Care Act (PPACA) and the Internal Revenue Service’s (IRS) claim to be more vigilant against companies that don’t meet contract employee classification requirements. As a minimum, misclassifying
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- As Interest in LNG Surges, Regulators Struggle to Keep Pace Maritime Reporter, Dec 2014 #20
of Homeland Security (DHS); Small Shipyard Grants at MARAD/DOT; the Capital Construction Fund (CCF), which is implemented by MARAD and the Internal Revenue Service; and MARAD’s title XI loan guarantee program, which assisted in the financing of the TOTE containerships, above. The Marine Highway Program
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- Suppression of Random Drug Test Results: A Bad and Unnecessary Decision Marine News, May 2015 #26
. This common sense argument has been recognized by the United States Supreme Court, which held that the exclusionary rule did not prohibit the Internal Revenue Service (IRS) from using evidence that was illegally seized by local police. The Court logically concluded that the societal costs of excluding important
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- Proposed Regulations Regarding Source of Income From Activities In Intl. Waters Maritime Reporter, Apr 2001 #14
The Internal Revenue Service (the "IRS") has issued proposed regulations under section 863 of the Internal Revenue Code of 1986, as amended (the "Code"), providing new rules for determining the source of income from activities conducted in international waters for purposes of U.S. income taxation.
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- Choosing the Best Financing Proposal Marine News, Nov 2014 #36
lease remains the same, then the greater the amount of the EBO, the lower the amount of the rent . . . and vice versa. The EBO must meet the Internal Revenue Service’s “compulsion test.” The purchase price of the collateral cannot be less than the present value of the remaining rents plus a FMV worth not
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- The 2007 Act: Highways to Waterways Marine News, Apr 2017 #18
the rules for participation, the sources and measures for deposits, the timing and accounting for withdrawals, and other Agreement matters. The Internal Revenue Service’s role is detailed in the MARAD/IRS Joint Regulations that govern a limited number of filing and accounting issues. A shipyard may make
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March 2024 - Marine Technology Reporter page: 48Index page MTR MarApr2024:MTR Layouts 4/4/2024 3:19 PM Page 1 Advertiser Index PageCompany Website Phone# 17 . . . . .Airmar Technology Corporation . . . . . . . . . .www.airmar.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(603) 673-9570 9 . . . . . .Birns, Inc. . . . . . . . . . .
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March 2024 - Marine Technology Reporter page: 45ronments. The new agreement will address speci? c techni- cal gaps in the UUV defense and offshore energy markets especially for long duration, multi-payload mission opera- tions where communications are often denied or restricted. As part of the new alliance, Metron’s Resilient Mission Autonomy portfolio
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March 2024 - Marine Technology Reporter page: 41focus on expanding its instrument payload capacity and underwater AI computations. This evolution led to a compre- hensive redesign of the vehicle’s internal layout, integration of updated components, and optimization of sensor systems to accommodate a broader range of instruments while maintain- Images
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March 2024 - Marine Technology Reporter page: 38cells are advantageous for high-current-drain applica- continuous. A 100v version is also available. The basic model tions, largely due to their lower internal resistance. NiMH can is an affordable $189, while the Pro version is just $40 more. suffer longevity issues with deep discharge, but this may not
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March 2024 - Marine Technology Reporter page: 35short period of time. As a consequence of earlier mis- Increasing the ambient pressure on a battery capable of pres- fortune, each cell is built with an internal fuse to protect it sure compensation has no effect on the reaction rate as the from being shorted and discharging rapidly with its attendant solid
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March 2024 - Marine Technology Reporter page: 34in watt-hours, is discharge rate, the battery will be depleted faster due to in- its capacity times its average potential. A battery pack is the creased internal resistance. Consult the manufacturer’s data- assembly of batteries in series, to increase voltage, in parallel, sheet for the discharge graphs. to
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March 2024 - Marine Technology Reporter page: 9from marinas along the western coast. The exact number of lizing laser detection systems can detect mines just below the mines, as well as their locations, remains largely a mystery, surface, even those hiding in murky water. The Airborne Laser although reports suggest that over three hundred have been
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March 2024 - Marine Technology Reporter page: 6MTR Editorial Advisors Gallaudet Hardy The Honorable Tim Gallaudet, Kevin Hardy is President PhD, Rear Admiral, U.S. of Global Ocean Design, Navy (ret) is the CEO of creating components and Ocean STL Consulting and subsystems for unmanned host of The American Blue vehicles, following a career
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March 2024 - Marine Technology Reporter page: 4Editorial NIWA-Nippon Foundation TESMaP/ Rebekah Parsons-King www.marinetechnologynews.com ast month marked the resounding NEW YORK 118 E. 25th St., New York, NY 10010 return of Oceanology Interna- Tel: (212) 477-6700; Fax: (212) 254-6271 tional in London, perennially one Lof the world’s most important
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April 2024 - Maritime Reporter and Engineering News page: 3rd CoverYour Specialist Ofshore Lubricant Partner T Togeth her w we go o furt ther r Our commitment to customer service and technical support extends to ofshore operations. With our robust global supply chain, we deliver the optimal marine lubrication solution to your ?eet, precisely when and where it’s needed.
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April 2024 - Maritime Reporter and Engineering News page: 48Index page MR Apr2024:MN INDEX PAGE 4/5/2024 1:33 PM Page 1 ANCHORS & CHAINS MILITARY SONAR SYSTEMS tel:+44 (0) 1752 723330, [email protected] , www.siliconsensing.com Anchor Marine & Supply, INC., 6545 Lindbergh Houston, Massa Products Corporation, 280 Lincoln Street, SONAR TRANSDUCERS
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April 2024 - Maritime Reporter and Engineering News page: 47MARKETPLACE Products & Services www.MaritimeEquipment.com Powering the fleet for 60 years! HYDRAULIC NOISE, SHOCK AND VIBRATION SUPPRESSOR Noise, Shock, VibraO on & PulsaO on in Quiet, Smooth Flow Out Oil Bladder Nitrogen (blue) Manufactured by MER
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April 2024 - Maritime Reporter and Engineering News page: 46MARKETPLACE Professional www.MaritimeProfessional.com GILBERT ASSOCIATES, INC.GILBERT ASSOCIATES, INC. Naval Architects and Marine Engineers SHIP DESIGN & ENGINEERING SERVICES Join the industry’s #1 Linkedin group )NNOVATION
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April 2024 - Maritime Reporter and Engineering News page: 43“The industry is an ecosystem which includes owners, managers, mariners, shipyards, equipment makers, designers, research institutes and class societies: all of them are crucial,” – Eero Lehtovaara, Head of Regulatory & Public Affairs, ABB Marine & Ports All images courtesy ABB Marine and Ports provi
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April 2024 - Maritime Reporter and Engineering News page: 38Tech Files Latest Products, Systems and Ship Designs Zero-Emission Mooring Service of a Tanker Consulmar achieved a milestone by executing what it calls ing boat Castalia, which operates on full electric propulsion. the world's ? rst zero-emissions mooring service for a tanker. Equipped with two 150 kW
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April 2024 - Maritime Reporter and Engineering News page: 28FEATURE INTERVIEW track missiles and warheads for the Mis- sile Defense Agency, and it travels with its support ship, the MV Hercules. For our Service Support ships, we have the two hospital ships, USNS Mer- cy and Comfort; two rescue and salvage ships; two submarine tenders; and the Sixth Fleet ?
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April 2024 - Maritime Reporter and Engineering News page: 27RADM PHILIP SOBECK, MILITARY SEALIFT COMMAND With COVID, we had to make some hard choices for our Do your CIVMARs have upward mobility? mariners because we couldn’t rotate. Many of our mariners The Navy has Sailors who become “Mustangs,” and work found other employment, and were able to use their skills
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April 2024 - Maritime Reporter and Engineering News page: 25RADM PHILIP SOBECK, MILITARY SEALIFT COMMAND Photo by Brian Suriani USN Military Sealift Command From a global supply chain perspective, What makes MSC so vital to the we’ve learned a lot about dealing with Navy’s ? eet and our military disruptions. COVID delivered a big forces around the world? wake-up
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April 2024 - Maritime Reporter and Engineering News page: 24FEATURE INTERVIEW U.S. Navy photograph by Brian Suriani/Released Rear Adm. Philip Sobeck (right) Commander of U.S. Military Sealift Command (MSC) explains the tradition of the Navy ‘looping ceremony’. Lt. Robert P. Ellison assumes the title of MSC’s Flag Aide during the ceremony. NEEDS MILITARY MORE
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April 2024 - Maritime Reporter and Engineering News page: 22INTERVIEW WE ARE ENGAGED WITH MULTIPLE US OSW WIND DEVELOPMENTS AND SEEING AN UP-TICK FOR CVA, TECHNOLOGY REVIEW AND RISK REDUCTION SERVICES IN EARLY DEVELOPMENT PHASES. WITH NEW LEASE ROUNDS COMING AND NEW OPPORTUNITIES, WE DO NOT SEE A BIG SLOWDOWN FOR OSW DEVELOPMENTS APART FROM THE OBVIOUS
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April 2024 - Maritime Reporter and Engineering News page: 21ROB LANGFORD, VP, GLOBAL OFFSHORE WIND ob Langford has worked in the offshore industry ABS. “We are growing and evolving our services across all for more than three decades, ‘cutting his teeth’ offshore infrastructure along with our continued support to the in a UK design ? rm working in the North Sea
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April 2024 - Maritime Reporter and Engineering News page: 16MARKETS SOVs – Analyzing Current, Future Demand Drivers By Philip Lewis, Director of Research, Intelatus © Björn Wylezich/AdobeStock t a high-level, there are three solutions to transferring Lower day rate CTVs are often used for daily transfer of technicians from shore bases to offshore wind farms
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April 2024 - Maritime Reporter and Engineering News page: 6Editorial MARITIME REPORTER AND ENGINEERING NEWS his month’s coverage is M A R I N E L I N K . C O M almost an afterthought HQ 118 E. 25th St., 2nd Floor following the tragedy that New York, NY 10010 USA T +1.212.477.6700 Tunfolded in Baltimore in the wee hours of Tuesday, March 26, CEO John C.
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April 2024 - Marine News page: 48ADVERTISER INDEX Page Company Website Phone# 23 Ahead Sanitation www.aheadsanitationsystems.com (337) 330-4407 29 All American Marine www.AllAmericanMarine.com (360) 647-7602 35 Bristol Harbor Group www.BristolHarborGroup.com (401) 253-4318 7 Caldwell Lifting Solutions www.caldwellinc.com (800)