---
kind: "unit"
title: "46"
title_heading: "Shipping"
key: "chII/subchK/part391"
level: "part"
label: "Part 391"
heading: "Federal Income Tax Aspects of the Capital Construction Fund"
release: "ecfr-current"
date: "2026-08-27"
url: "https://uscodex.org/cfr/46/chII-subchK-part391"
sections_count: 12
---

# Part 391 — Federal Income Tax Aspects of the Capital Construction Fund

Title 46 C.F.R. — Shipping › Chapter II — Maritime Administration, Department of Transportation › Subchapter K — Regulations under Public Law 91-469

## Sections

- [§391.0. Statutory provisions; section 607, Merchant Marine Act, 1936, as amended.](/cfr/46/391.0.md)
- [§391.1. Scope of section 607 of the Act and the regulations in this part.](/cfr/46/391.1.md)
- [§391.2. Ceiling on deposits.](/cfr/46/391.2.md)
- [§391.3. Nontaxability of deposits.](/cfr/46/391.3.md)
- [§391.4. Establishment of accounts.](/cfr/46/391.4.md)
- [§391.5. Qualified withdrawals.](/cfr/46/391.5.md)
- [§391.6. Tax treatment of qualified withdrawals.](/cfr/46/391.6.md)
- [§391.7. Tax treatment of nonqualified withdrawals.](/cfr/46/391.7.md)
- [§391.8. Certain corporate reorganizations and changes in partnerships, and certain transfers on death. [Reserved]](/cfr/46/391.8.md)
- [§391.9. Consolidated returns. [Reserved]](/cfr/46/391.9.md)
- [§391.10. Transitional rules for existing funds.](/cfr/46/391.10.md)
- [§391.11. Definitions.](/cfr/46/391.11.md)