Sponsor Statement for CS for HB 123 (RES)

This bill extends the termination date of the federal tax obligation loan program that is under the Commercial Fishing Loan Act to May 26, 2000. Thus far, 207 loans have been made to fishermen who, otherwise, would have lost or possibly could have lost their limited entry permits through actions taken by the Internal Revenue Service to seize permits for payment for delinquent taxes.

Sponsor Statement for HB 123

This bill repeals the termination date of the federal tax obligation loan program that is under the Commercial Fishing Loan Act. This program is due to sunset on May 26, 1997. Thus far, 207 loans have been made to fishermen who, otherwise, would have lost or possibly could have lost their limited entry permits through actions taken by the Internal Revenue Service to seize permits for payment for delinquent taxes.