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Treasury Regulations · 26 CFR Part 2

Part 2. Maritime construction reserve fund

Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with Title 26 on ecfr.gov (external site) or the official annual CFR on govinfo (external site).

  1. § 2.1 Statutory provisions; sections 511 and 905, Merchant Marine Act, 1936, and related statutes.
  2. § 2.1-1 Definitions.
  3. § 2.1-2 Scope of section 511 of the Act and the regulations in this part.
  4. § 2.1-3 Requirements as to vessel operations.
  5. § 2.1-4 Application to establish fund.
  6. § 2.1-5 Tentative authorization to establish fund.
  7. § 2.1-6 Establishment of fund.
  8. § 2.1-7 Circumstances permitting reimbursement from a construction reserve fund.
  9. § 2.1-8 Investment of funds in securities.
  10. § 2.1-9 Valuation of securities in fund.
  11. § 2.1-10 Withdrawals from fund.
  12. § 2.1-11 Time deposits.
  13. § 2.1-12 Election as to nonrecognition of gain.
  14. § 2.1-13 Deposit of proceeds of sales or indemnities.
  15. § 2.1-14 Deposit of earnings and receipts.
  16. § 2.1-15 Time for making deposits.
  17. § 2.1-16 Tax liability as to earnings deposited.
  18. § 2.1-17 Basis of new vessel.
  19. § 2.1-18 Allocation of gain for tax purposes.
  20. § 2.1-19 Requirements as to new vessels.
  21. § 2.1-20 Obligation of deposits.
  22. § 2.1-21 Period for construction of certain vessels.
  23. § 2.1-22 Time extensions for expenditure or obligation.
  24. § 2.1-23 Noncompliance with requirements.
  25. § 2.1-24 Extent of tax liability.
  26. § 2.1-25 Assessment and collection of deficiencies.
  27. § 2.1-26 Reports by taxpayers.
  28. § 2.1-27 Controlled corporation.
  29. § 2.1-28 Administrative jurisdiction.