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United States · Bill · HR

H.R. 2174 (109th)

Capital Construction Fund Qualified Withdrawal Act of 2005

referredUnited States· United States Congress· EN

Introduced

5 May 2005

Last action

5 May 2005 · Introduced

Status

Referred to the Committee on Ways and Means, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Rep. Capps, Lois [D-CA-24], Rep. DeFazio, Peter A. [D-OR-4], Rep. Farr, Sam [D-CA-20], Rep. Hooley, Darlene [D-OR-5], Rep. Frank, Barney [D-MA-4], Rep. Blumenauer, Earl [D-OR-3], Rep. Lee, Barbara [D-CA-12], Rep. Woolsey, Lynn C. [D-CA-6]

Subjects

Taxation

Source updated

15 August 2025

Taxation

Summary

Capital Construction Fund Qualified Withdrawal Act of 2005 - Amends the Merchant Marine Act and the Internal Revenue Code to permit as qualified withdrawals from fishing capital construction funds any money used by retiring fishermen for the following purposes: (1) retiring an owner's commercial fishing vessels and related commercial fishing permits; (2) making a rollover contribution into an owner's individual retirement plan; (3) making a payment of an industry fee authorized by the fishing capacity reduction program; (4) acquiring a vessel monitoring system as a safety improvement for a fishing vessel; and (5) acquiring or constructing fishing gear designed to minimize or avoid bycatch.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 5 May 2005

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  2. 5 May 2005

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  3. 5 May 2005

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 5 May 2005

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 5 May 2005

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 5 May 2005

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 5 May 2005

    Open at official source

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Sponsors

Related records

Sources

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