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United States · Bill · S

S. 343 (109th)

Capital Construction Fund Qualified Withdrawal Act of 2005

referredUnited States· United States Congress· EN

Introduced

10 February 2005

Last action

10 February 2005 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

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

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. 10 February 2005

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 10 February 2005

    Introduced

    Sponsor introductory remarks on measure. (CR S1271-1272)

    Source: IntroReferral

  3. 10 February 2005

    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 · 10 February 2005

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 10 February 2005

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 10 February 2005

    Open at official source

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Sponsors

Related records

Sources

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