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of <h1>International Ship and Aircraft Profits Taxable Only in Home State, Except for Domestic Transport</h1> Profits from an enterprise's operation of ships or aircraft in international traffic are taxable only in the enterprise's home state. However, if the primary purpose of a voyage is to transport passengers or property between locations in another state, that state may impose taxes. Profits include those from ticket sales, related activities, and the rental of ships or aircraft. Profits from the use of containers in international traffic are also taxable only in the home state. These rules extend to profits from pools or joint ventures. Interest from funds related to such operations is treated as operational profits, excluding drilling rigs or non-transport vessels.
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