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US S1154

US S1154
Fishing Equipment Tax Relief Act of 2021


summary

Introduced
04/15/2021
In Committee
04/15/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to provide a reduced excise tax rate for portable, electronically- aerated bait containers.

AI Summary

This bill, the Fishing Equipment Tax Relief Act of 2021, proposes to amend the Internal Revenue Code to provide a reduced excise tax rate of 3% (down from 10%) on portable, electronically-aerated bait containers. This change would apply to articles sold by manufacturers, producers, or importers after December 31, 2021, offering tax relief for this specific type of fishing equipment.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Read twice and referred to the Committee on Finance. (on 04/15/2021)

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