§ 6050A. Reporting requirements of certain fishing boat operators

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1976

   Pub. L. 94–455 title XII § 1207(e)(3)(A) · 90 Stat. 1520

   Enacted · 26 U.S.C. § 6050A

   Added Pub. L. 94–455, title XII, § 1207(e)(3)(A), Oct. 4, 1976, 90 Stat. 1707

   Source evidence

   Code source credit
   Added Pub. L. 94–455, title XII, § 1207(e)(3)(A), Oct. 4, 1976, 90 Stat. 1707

   Enacted provision · exact public law section
   (A) Subpart B of part HI of subchapter A of chapter 61 (relating to information concerning transactions with other persons) is amended by adding at the end thereof the following new section: “SEC. 6050A. REPORTING REQUIREMENTS OF CERTAIN FISHING BOAT OPERATORS. “(a) Reports.— The operator of a boat on which one or more individuals, during a calendar year, perform services described in section Ante, p. 1706. 3121(b)(20) shall submit to the Secretary (at such time, and in such manner and form, as the Secretary shall by regulations prescribe) information respecting— “(1) the identity of each individual performing such services; “(2) the percentage of each such individual’s share of the catches of fish or other forms of aquatic animal life, and the percentage of the operator’s share of such catches; “(3) if such individual receives his share in kind, the type and weight of such share, together with such other information as the Secretary may prescribe by regulations reasonably necessary to determine the value of such share; and “(4) if such individual receives a share of the proceeds of such catches, the amount so received, “(b) Written Statement.— Every person making a return under subsection (a) shall furnish to each person whose name is set forth in such return a written statement showing the information relating to such person contained in such return. The written statement required under the preceding sentence shall be furnished to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) was made.”

2. 1986

   Tax Reform Act of 1986

   Pub. L. 99–514 title XV § 1501(c)(6) · 100 Stat. 2085

   Amended · 26 U.S.C. § 6050A(b)

   Pub. L. 99–514 amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: “Every person making a return under subsection (a) shall furnish to each person whose name is set forth in such return a written statement showing the information relating to such person contained in such return. The written statement required under the preceding sentence shall be furnished to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) was made.”

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 99–514 amended subsec. (b) generally. Prior to amendment, subsec. (b) read as follows: “Every person making a return under subsection (a) shall furnish to each person whose name is set forth in such return a written statement showing the information relating to such person contained in such return. The written statement required under the preceding sentence shall be furnished to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) was made.”

   Enacted provision · exact public law section
   (6) Subsection (b) of section 6050A is amended to read as follows: “(b) Written Statement.— Every person required to make a return under subsection (a) shall furnish to each person whose name is required to be set forth in such return a written statement showing the information relating to such person required to be contained in such return. The written statement required under the preceding sentence shall be furnished to the person on or before January 31 of the year following the calendar year for which the return under subsection (a) was required to be made.”

3. 1996

   Small Business Job Protection Act of 1996

   Pub. L. 104–188 title I § 1116(a)(1)(C) · 110 Stat. 1755

   Added · 26 U.S.C. § 6050A(a)(5)

   Pub. L. 104–188 added par. (5)

   Source evidence

   Code amendment note
   Subsec. (a)(5). Pub. L. 104–188 added par. (5).

   Enacted provision · exact public law section
   (C) Conforming amendment.— Section 6050A(a) is amended by striking “and” at the end of paragraph (3), by striking the period at the end of paragraph (4) and inserting “; and”, and by adding at the end the following new paragraph: “(5) any cash remuneration described in section 3121(b)(20)(A).”.

   Effective date note
   Amendments by Pub. L. 104–188 applicable to remuneration paid after Dec. 31, 1996, see section 1116(a)(3)(B) of Pub. L. 104–188, set out as a note under section 3121 of this title.

3 of 3 references resolved to an enrolled provision