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...
National Fisherman Live: 1/27/15
In this episode:
Assessment: Atlantic menhaden is not overfished
Bering Sea pollock fishery casts off
Dock to Dish opens Florida’s first CSF
Second wave of disaster funds for Alaska
Fisherman lands N.C.’s largest bluefin ever
The Alaska Seafood Marketing Institute is still seeking public review and comment on the Alaska Responsible Fisheries Management Conformance Criteria (Version 1.2, September 2011). The public review and comment period, which opened on Dec. 3, 2014, runs through Monday, Feb. 3.
NOAA, in consultation with the Department of the Interior, has appointed 10 new members to the Marine Protected Areas Federal Advisory Committee. The 20-member committee is composed of individuals with diverse backgrounds and experience who advise the departments of commerce and the interior on ways to strengthen and connect the nation's MPA programs. The new members join the 10 continuing members appointed in 2012.