26 USC 6050A - Reporting requirements of certain fishing boat operators

U.S Code last checked for updates: May 06, 2024

§ 6050A.

Reporting requirements of certain fishing boat operators

(a)

Reports

The operator of a boat on which one or more individuals, during a calendar year, perform services described in section 3121(b)(20) shall submit to the Secretary (at such time, and in such manner and form, as the Secretary shall by regulations prescribe) information respecting—

(1)

the identity of each individual performing such services;

(2)

the percentage of each such individual’s share of the catches of fish or other forms of aquatic animal life, and the percentage of the operator’s share of such catches;

(3)

if such individual receives his share in kind, the type and weight of such share, together with such other information as the Secretary may prescribe by regulations reasonably necessary to determine the value of such share;

(4)

if such individual receives a share of the proceeds of such catches, the amount so received; and

(5)

any cash remuneration described in section 3121(b)(20)(A).

(b)

Written statement

(Added Pub. L. 94–455, title XII, § 1207(e)(3)(A), Oct. 4, 1976, 90 Stat. 1707; amended Pub. L. 99–514, title XV, § 1501(c)(6), Oct. 22, 1986, 100 Stat. 2737; Pub. L. 104–188, title I, § 1116(a)(1)(C), Aug. 20, 1996, 110 Stat. 1762.)

cite as: 26 USC 6050A