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Tax deduction parity for remote seafood employee meals.

This bill changes tax rules for meal expenses in the seafood industry. Companies can now deduct 100% of the cost of meals provided to employees on fishing vessels or at fish processing facilities located in remote, northern US areas, instead of the previous 50% limit. This provides potential tax savings for businesses, which may support job stability in these specific, often challenging work environments. The changes apply retroactively, starting from the 2020 tax year.
Key points
Tax changes: Seafood companies can deduct 100% of employee meal costs, up from the previous 50% limit.
This applies to meals provided on fishing vessels (fishing, processing, tender) and at processing facilities located north of 50 degrees north latitude, outside of major metropolitan areas.
The new rules are retroactive, applying to taxable years beginning after December 31, 2019.
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Additional Information
Print number: 118_S_3795
Sponsor: Sen. Murkowski, Lisa [R-AK]
Process start date: 2024-02-09
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Remote Seafood Employee Meals Tax Parity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3795.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-02-09.

What are the main provisions?

Key points include:

  • Tax changes: Seafood companies can deduct 100% of employee meal costs, up from the previous 50% limit.
  • This applies to meals provided on fishing vessels (fishing, processing, tender) and at processing facilities located north of 50 degrees north latitude, outside of major metropolitan areas.
  • The new rules are retroactive, applying to taxable years beginning after December 31, 2019.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Murkowski, Lisa [R-AK].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Labor Economy