S 2203 · 106th Congress · Taxation
Fair Tax Treatment for Fishermen Act of 2000
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1237-1238)(2000-03-07)
Plain Language Summary
[AI summary unavailable — showing source 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. Allows a limited deduction to fishermen for amounts paid into a Fishing Risk Management Account.…
Summarized by Claude AI · Non-partisan · For informational purposes only