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Friday, July 4, 2025

Omnibus / Tax Cut / Benefit Cut mega-bill with 309 provisions: What help to Alaska?

Tax cut for Native Alaskan subsistence

whaling captains :

allowing them to treat more equipment

purchases as charitable donations (1040 - itemized)

Tax break for fishing companies:

allowing those above 50-degrees N. Latitude

to deduct from Schedule C the full cost of

employee meals

Tax-exempt status for certain fisheries in Bering Sea

and Aleutian Islands statistical & reporting area

Special exceptions for "noncontiguous" states like

ALASKA : to lessen effects to cuts in food assistence

for the working poor, indigent, starving, those

unable to pay for food themselves

upshot/republican-bill-faq.html

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