Capital Construction Fund Qualified Withdrawal Act of 2003

Summary

Capital Construction Fund Qualified Withdrawal Act of 2003 - Amends the Merchant Marine Act and the Internal Revenue Code to permit as qualified withdrawals from fishing capital construction funds 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) the acquisition of a vessel monitoring system as a safety improvement for a fishing vessel; and (5) the acquisition or construction of fishing gear designed to minimize or avoid bycatch.

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

Timeline

1. 5 June 2003

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 5 June 2003

   Introduced

   Sponsor introductory remarks on measure. (CR S7483)

   Source: IntroReferral

3. 5 June 2003

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 5 June 2003 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 5 June 2003

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 5 June 2003

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 5 June 2003

  Open at official source

Sponsors

• Ron Wyden · D · Sponsor
• Sen. Smith, Gordon H. [R-OR] · R · Sponsor
• Patty Murray · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → Capital Construction Fund Qualified Withdrawal Act of 2003