At a meeting last week of the St. Bernard Parish Council, life-long shrimper George Barisich, President of the United Commercial Fishermen Association urged the council to pass a resolution that supports the exemption of commercial fishermen from paying taxes on BP settlement money.
After the St. Bernard council unanimously passed the resolution, Barisich said he would be taking the cause to Plaquemines and other parishes throughout the region to garner similar support.
The intent of the resolution is to give a push to State and Federal delegation to consider exempting victims of the oil spill of the commercial fishing industry from paying taxes on any settlement money. Before their vote Barisich explained to the council that as of now fishermen are expected to get paid out 40 percent of their loss for eight years.
But when the settlement money is doled out to fishermen that amount will be taxed the standard income tax rate of 35 percent.
"The money, if it stays in our hands, we can spend it down here," said Barisich.
"They're telling you you're getting paid for a 40 percent loss so the fishermen are assuming all the risk, if we get that 35 percent that we have to give President Obama, that money will help us stay down here."
Read the full story at the Plaquemines Gazette>>
National Fisherman Live: 9/9/14
In this episode:
Seafood Watch upgrades status of 21 fish species
Calif. bill attacking seafood mislabeling approved
Ballot item would protect Bristol Bay salmon
NOAA closes cod, yellowtail fishing areas
Pacific panel halves young bluefin harvest
National Fisherman Live: 8/26/14
In this episode, National Fisherman Publisher Jerry Fraser talks about his early days dragging for redfish on the Vandal.
More than a dozen higher education institutions and federal and local fishery management agencies and organizations in American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and Hawaii have signed a memorandum of understanding aimed at building the capacity of the U.S. Pacific Island territories to manage their fisheries and fishery-related resources.