Legal corpus: the complete U.S. Code (59,740 sections, all 53 titles)

Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code
now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 ->
59,740; repo total 105,704 records. Deterministic (byte-identical rerun,
verified on Title 42's 8,356 sections); make check green. make
legal-us-code default now covers every title.

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>

legal/us/code/title-46/chapter-533/section-53307.md

@@ -0,0 +1,39 @@
+---
+type: "LegalText"
+title: "46 U.S.C. § 53307"
+description: "Basis for determining gain or loss and for depreciating new vessels"
+jurisdiction: "us"
+corpus: "united_states_code"
+kind: "code_section"
+title_number: 46
+title_name: "SHIPPING"
+chapter_number: "533"
+chapter_name: "CONSTRUCTION RESERVE FUNDS"
+section: "53307"
+citation: "46 U.S.C. § 53307"
+status: "current"
+release_point: "119-100"
+release_date: "2026-06-26"
+source: "official"
+source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc46@119-100.zip"
+source_identifier: "/us/usc/t46/s53307"
+source_file: "data/legal/raw/us/code/title-46/usc46.xml"
+source_hash: "b99314da2ad84d065fcfb4f1f5ec4398512ad24dd011d0a207a50dec8ceabe9a"
+raw_snapshot_hash: "eb1331aa3c08ed87231a3606d86b30d1b5942cdf8542f6a3df8ac1d66e86057f"
+text_hash: "ee247591daf727f56b3652a6b531a0a4d477e49f2a1abb146eeb59cc8324b652"
+retrieved_at: "2026-07-04"
+confidence: "official"
+tags: ["legal", "us-code"]
+---
+
+# 46 U.S.C. § 53307 - Basis for determining gain or loss and for depreciating new vessels
+
+## Text
+
+Under the income or excess profits tax laws of the United States, the basis for determining a gain or loss and for depreciation of a new vessel constructed, reconstructed, reconditioned, or acquired by the taxpayer, or for which purchase-money indebtedness is liquidated as provided in section 53310 of this title, with amounts from a construction reserve fund, shall be reduced by that part of the deposits in the fund expended in the construction, reconstruction, reconditioning, acquisition, or liquidation of purchase-money indebtedness of the new vessel that represents a gain not recognized for tax purposes under section 53306 of this title.
+
+(Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1589.)
+
+## Notes
+
+Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 5330746 App.:1161(d).June 29, 1936, ch. 858, title V, § 511(d), as added Oct. 10, 1940, ch. 849, 54 Stat. 1106; July 17, 1952, ch. 939, § 11, 66 Stat. 763.