Alaska fishing group flags concerns with income tax proposal
A trade group for Alaska commercial fishermen is flagging concerns with a state House proposal that would reinstitute a personal income tax. United Fishermen of Alaska says many fishermen will have “major difficulties” complying with withholding requirements on payments to fishing crew. Association leaders, in a letter to the House Finance Committee co-chairs, say withholding requirements would fall on skippers who don’t have the information they would need to estimate a crew member’s potential federal tax liability. The tax, as proposed, would be 15 percent of what a person owes the federal government in taxes. They raised other concerns, too. The association, which says it has not taken a position either way on the bill, suggested a fix that would treat fishermen the same as people who are self-employed. Link 16:15
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