Meals on fishing vessels and at remote fish plants escape the 50 percent limit
What the document says“on a fishing vessel, fish processing vessel, or fish tender vessel (as such terms are defined in section 2101 of title 46, United States Code), or”
The section adds a new clause (v) to section 274(n)(2)(C) of the Internal Revenue Code of 1986 covering meals provided on a fishing vessel, fish processing vessel or fish tender vessel as those terms are defined in section 2101 of title 46, United States Code, or at a facility for processing fish for commercial use or consumption that is in the United States north of 50 degrees north latitude and outside a metropolitan statistical area within the meaning of section 143(k)(2)(B).
What the document actually says“on a fishing vessel, fish processing vessel, or fish tender vessel (as such terms are defined in section 2101 of title 46, United States Code), or”
Meals given on three kinds of fishing boat are named. An older shipping law says what each kind is.
Meals at some fish plants also count. The plant must be north of 50 degrees latitude. It must be outside a city area.
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