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United States · Bill · S

S. 2203 (106th)

Fair Tax Treatment for Fishermen Act of 2000

referredUnited States· United States Congress· EN

Introduced

7 March 2000

Last action

Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1237-1238)

Sponsors

Subjects

Discovery layer

Source updated

20 August 2025

Summary

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.

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Documents

3 official files

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Sources

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