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MERCHANT SHIPPING ACT (CHAPTER 179)History 19 of 19951996REVISED Edition Act relating to merchant shipping. 2nd February 1996 Arrangement of ProvisionsPART I PRELIMINARY 1 Short title. 2 Interpretation.
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What is chapter 179?
Chapter 179 refers to a section in the tax code that allows for the deduction of certain expenses related to the acquisition of qualifying property.
Who is required to file chapter 179?
Any taxpayer who has acquired qualifying property and wishes to take advantage of the deduction allowed under chapter 179 is required to file.
How to fill out chapter 179?
To fill out chapter 179, the taxpayer must provide information about the qualifying property acquired and the amount of the deduction being claimed.
What is the purpose of chapter 179?
The purpose of chapter 179 is to provide tax relief to businesses and encourage investment in qualifying property.
What information must be reported on chapter 179?
The taxpayer must report the details of the qualifying property acquired, the date it was placed in service, and the amount of the deduction being claimed.
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