Amends the Internal Revenue Code to exempt from unemployment taxation commercial fishermen who, pursuant to an arrangement with the owner or operator of a fishing boat, receive a share of the boat's catch or proceeds from its sale in lieu of cash remuneration. Specifies that the boat's crew must be comprised of fewer than ten individuals.
Introduced in Senate
Read second time and referred to Senate Committee on Finance.
Subcommittee on Taxation and Debt Management took the following actions.
Committee on Finance requested executive comment from OMB; Treasury Department; Health and Human Services Department; Labor Department.
Subcommittee on Taxation and Debt Management. Hearings held.
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