Native Alaskan Subsistence Whaling Act of 2001

This bill would allow Native Alaskan whaling captains to claim a federal tax deduction of up to $7,500 for expenses related to subsistence bowhead whale hunting. To qualify, the hunting must be conducted under the management plan of the Alaska Eskimo Whaling Commission.

The deduction covers costs such as purchasing and maintaining boats and gear, providing food for the crew, and storing or distributing the catch. By treating these costs as charitable contributions, the bill aims to provide financial relief to individuals who personally fund these traditional activities, which provide a primary food source for their communities.