A bill to treat activities related to fisheries in the Bering Sea and Aleutian Islands areas as related to an exempt purpose for purposes of the Internal Revenue Code of 1986.

12/23/2022, 5:17 AM

Congressional Summary of S 5228

This bill treats certain activities (e.g., harvesting, processing, transportation, sales, and marketing of fish and fish products) that are substantially related to participation or investment in fisheries in areas of the Bering Sea and Aleutian Islands as related to an exempt purpose and thus exempt from taxation.

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Current Status of Bill S 5228

Bill S 5228 is currently in the status of Bill Introduced since December 8, 2022. Bill S 5228 was introduced during Congress 117 and was introduced to the Senate on December 8, 2022. Bill S 5228's most recent activity was Read twice and referred to the Committee on Finance. as of December 8, 2022

Bipartisan Support of Bill S 5228

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 5228

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 5228

A bill to treat activities related to fisheries in the Bering Sea and Aleutian Islands areas as related to an exempt purpose for purposes of the Internal Revenue Code of 1986.