Council supports no tax on BP settlement money for commercial fishermenApr 5th, 2013 | By Jessica Gonzalez | Category: News
After hearing the pleas of local commercial fishermen, the council on Tuesday unanimously passed a
resolution requesting state and federal delegation to exempt victims of the BP Deepwater Horizon oil spill from paying taxes on any settlement money.
The intent of the resolution, introduced by District E Councilman Monty Montelongo, is to give a push to State and Federal delegation to consider exempting oil spill victims from paying taxes on any settlement money.
George Barisich, President of the United Commercial Fishermen Association told the council that as of now fishermen are expected to get paid out 40 percent of their loss for 8 years, but will be taxed on nearly 35 percent of that.
“The money if it stays in our hands we can spend it down here,” said Barisich. “They’re telling you you’re getting paid for a 40 percent loss so the fishermen are assuming all the risk, if we get that 35 percent that we have to give President Obama, that money will help us stay down here.”
Councilman Montelongo reasoned that the resolution is essential to help the often-beat upon industry
that is the lifeblood of the parish.
“For the past several decades it’s gotten harder and harder for commercial fishermen to make a living in a trade that’s been in their families for generations,” said Councilman Montelongo. “It seems like everything has gone against them: hurricanes, high fuel costs, coastal erosion, imports and more recently, the BP oil spill. They just can’t seem to get a break. This resolution is requests that LA State Delegation, LA Legislature, and the Federal Delegation through legislation of executive order exempt the victims of the BP oil spill from taxes on any settlement money.”
Barisich said will be going to Plaquemines Parish government, and around the state to advocate for