Written by Leslie Taylor
Yes, it will be a form of income.
But something seems grossly unjust about the notion that direct aid being provided by the federal government to fishermen as part of a national fisheries economic disaster package may be taxable — beginning with the idea of these working businessmen having to funnel a hefty chunk of the money they are due right back to the same government that put them in this bind in the first place.
So while it is likely too late for congressional lawmakers to rectify this latest insult to fishermen, they should already be considering the need to specify the words “tax free” in any similar aid bill they will be putting through next year. And make no mistake — the delays in providing the long-overdue aid need to the fishing industry this year, coupled with potential new cod limit cuts and a failure to address the need for changes in the regulatory framework of the federal Magnuson-Stevens Act are already ensuring that another significant aid package will be needed to keep this industry afloat through 2015.
Read the full story at the Gloucester Times>>
Want to read more about federal disaster aid? Click here...
NOAA recently published a proposed rule that would implement a traceability plan to help combat IUU fishing. The program would seek to trace the origins of imported seafood by setting up reporting and filing procedures for products entering the U.S.
The traceability program would collect data on harvest, landing, and chain of custody of fish and fish products that have been identified as particularly vulnerable to IUU fishing and fraud.Read more...
The following was released by the Maine Department of Marine Resources on Jan. 22:
The Maine Department of Marine Resources announced an emergency regulation that will support the continued rebuilding effort in Maine’s scallop fishery. The rule, effective January 23, 2016, will close the Muscle Ridge Area near South Thomaston and the Western Penobscot Bay Area.Read more...