S.2203 - Fair Tax Treatment for Fishermen Act of 2000106th Congress (1999-2000)
|Sponsor:||Sen. Murkowski, Frank H. [R-AK] (Introduced 03/07/2000)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 03/07/2000 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1237-1238) (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: S.2203 — 106th Congress (1999-2000)All Information (Except Text)
Fair Tax Treatment for Fishermen Act of 2000 - Amends the Internal Revenue Code to: (1) extend income averaging to income from the trade or business of catching, taking, or harvesting fish intended to enter commerce through sale, barter, or trade; and (2) disregard income averaging for farmers and commercial fishermen in computing the regular alternative minimum tax.
Introduced in Senate (03/07/2000)
Allows a limited deduction to fishermen for amounts paid into a Fishing Risk Management Account.