Capital Construction Fund Program

Office of Human Resources Management (OHRM) in Tax Assistance
December 19, 2018


The Capital Construction Fund (CCF) Program enables fishermen to construct, reconstruct, or under limited circumstances, acquire fishing vessels with before-tax, rather than after-tax dollars. The program allows fishermen to defer tax on income from the operation of their fishing vessels. Under the CCF Program, the amount accumulated by deferring tax on fishing income, when used to help pay for a vessel project, is in effect, an interest free loan from the government.


Capital Construction Fund Program is administered by Office of Human Resources Management (OHRM).

Program Requirements:

Any U.S. citizen is eligible who owns or leases a U.S. built fishing vessel of at least two net tons and has an acceptable program for constructing, reconstructing, or acquiring a fishing vessel of at least two net tons. The term "fishing vessel" includes vessels used commercially in the fisheries of the U.S. for catching, transporting, and processing fish. Also included are commercial passenger-carrying vessels used for fishing parties.

Application Details

Applications are accepted at any time. However, to be applicable to any given tax year, a CCF agreement must be executed and entered on or before the due date (with extensions) for filing your Federal tax return for that tax year. Send the filled out CCF Application to the address listed in the Application Information Cover Letter.

Please visit the Application Instructions page for additional information about applying for this Program.

Explore More Benefits

Adjustable Rate Mortgage Insurance
Architectural Barriers Act Enforcement
Early Doctoral Student Research Grants
Housing Opportunities for Persons With AIDS (HOPWA)
Cooperative Endangered Species Conservation Fund
Child and Adult Care Food Program (CACFP)
Capital Construction Fund Program
Medicaid Program
State Children's Health Insurance Program
Armed Forces Tax Benefits

Welfare Info