Publication 378 |
2000 Tax Year |
Commercial Fishing
A credit or refund may be allowed for the excise tax on fuel used
in a boat engaged in commercial fishing.
Boats engaged in commercial fishing include only watercraft used
in taking, catching, processing, or transporting fish, shellfish, or
other aquatic life for commercial purposes, such as selling or
processing the catch, on a specific trip basis. They include boats
used in both fresh and salt water fishing. They do not include boats
used for both sport fishing and commercial fishing on the same trip.
Fuel used in aircraft to locate fish is not fuel used in commercial
fishing.
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