---
kind: "section"
citation: "46 U.S.C. § 53312"
title: "46"
title_heading: "Shipping"
number: "53312"
heading: "Assessment and collection of deficiency tax"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/46/53312"
units:
  - "Subtitle V — Merchant Marine"
  - "Part C — Financial Assistance Programs"
  - "Chapter 533 — Construction Reserve Funds"
---

# §53312. Assessment and collection of deficiency tax


Notwithstanding any other provision of law, a deficiency in tax for a taxable year resulting from the inclusion of an amount in gross income as provided by [section 53311 of this title](/usc/46/53311.md), and the amount to be treated as a deficiency under [section 53311](/usc/46/53311.md) instead of as an adjustment for the declared value excess profits tax, may be assessed or a civil action may be brought to collect the deficiency without assessment, at any time. Interest on a deficiency or amount to be treated as a deficiency does not begin until the date the deposited gain or part of the deposited gain in question is required to be included in gross income under section 51111.


## Source credit

(Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1590.)

## Notes

| Historical and Revision Notes |  |  |
| --- | --- | --- |
| Revised<br>Section | Source (U.S. Code) | Source (Statutes at Large) |
| 53312 | 46 App.:1161(j). | June 29, 1936, ch. 858, title V, § 511(j), as added Oct. 10, 1940, ch. 849, 54 Stat. 1108. |