118 S3795 IS: Remote Seafood Employee Meals Tax Parity Act U.S. Senate 2024-02-09 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II118th CONGRESS2d SessionS. 3795IN THE SENATE OF THE UNITED STATESFebruary 9, 2024Ms. Murkowski (for herself and Mr. Sullivan) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo amend the Internal Revenue Code of 1986 to provide that the 50 percent limitation on the deduction for meal expenses does not apply to meals provided on certain fishing boats or at certain fish processing facilities.

1.

Short title

This Act may be cited as the Remote Seafood Employee Meals Tax Parity Act.

2.

Meals provided on certain fishing boats and at certain fish processing facilities not subject to 50 percent limitation

(a)

In general

Section 274(n)(2)(C) of the Internal Revenue Code of 1986 is amended by striking or at the end of clause (iii) and by adding at the end the following new clause:(v)provided—(I)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(II)at a facility for the processing of fish for commercial use or consumption which—(aa)is located in the United States north of 50 degrees north latitude, and (bb)is not located in a metropolitan statistical area (within the meaning of section 143(k)(2)(B)), or.(b)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2019.