- Listed: November 30, 2018 1:28 pm
- Expires: 998468 days, 16 hours
Our iOS apps : US Benefits Directory , Food Banks Directory , GSA Auctions , Low Cost Apartments Directory,
The Capital Construction Fund (CCF) Program enables fishermen to construct, reconstruct, or under limited circumstances, acquire fishing vessels with before-tax, rather than after-tax dollars. The program allows fishermen to defer tax on income from the operation of their fishing vessels. Under the CCF Program, the amount accumulated by deferring tax on fishing income, when used to help pay for a vessel project, is in effect, an interest free loan from the government.
Any U.S. citizen is eligible who owns or leases a U.S. built fishing vessel of at least two net tons and has an acceptable program for constructing, reconstructing, or acquiring a fishing vessel of at least two net tons. The term “fishing vessel” includes vessels used commercially in the fisheries of the U.S. for catching, transporting, and processing fish. Also included are commercial passenger-carrying vessels used for fishing parties.
Applications are accepted at any time. However, to be applicable to any given tax year, a CCF agreement must be executed and entered on or before the due date (with extensions) for filing your Federal tax return for that tax year. Send the filled out CCF Application to the address listed in the Application Information Cover Letter.
Please visit the Application Instructions page for additional information about applying for this Program.
For more information, visit the Capital Construction Fund Program page.
You may also contact:
CCF Program, Financial Services Division (F/MB5)
National Marine Fisheries Service
1315 East West Highway
Silver Spring, MD 20910
234 total views, 2 today
A guide for US Government Federal and State Benefits published by benefits.gov
This is a third party app and we are not affiliated with benefits.gov or US Government.. If you are looking for an app that consolidates all the benefit listings by Federal and US states, this is a good app to start with. Listings can also be found on the benefits.gov website.