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United States · Bill · S

S. 1193 (108th)

Capital Construction Fund Qualified Withdrawal Act of 2003

referredUnited States· United States Congress· EN

Introduced

5 June 2003

Last action

5 June 2003 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Wyden, Ron [D-OR], Sen. Smith, Gordon H. [R-OR], Sen. Murray, Patty [D-WA]

Subjects

Taxation

Source updated

18 August 2025

Taxation

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

Documents

3 official files

Introduced in Senate (text)

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  • 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

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  • Introduced in Senate

    summary · EN · 5 June 2003

    Open at official source

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Sponsors

Related records

Sources

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