Thursday, July 3, 2025

A 'big beautiful' tax break for processors

The "big beautiful bill," which cleared Congress today, includes a tasty tax provision for Alaska seafood processors.

Section 70305 of the bill allows processors to deduct the cost of meals served to workers on vessels and in processing plants.

It's a tax break the processors have been chasing for years, as evidenced by this congressional press release from 2021.
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2 comments:

  1. AnonymousJuly 4, 2025 at 2:05 PM

    Now they won't have to eat prison food, that the USDA provides, with your tax dollars.

    ReplyDelete
  2. AnonymousJuly 7, 2025 at 8:33 PM

    Believe you could do this a decade ago, but was eliminated when Silicon Valley tech companies started offering lavish food at their job sites to salaried employees.

    Would guess this tax break is under $20 million a year.

    ReplyDelete