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Bill > HR3758


US HR3758

US HR3758
Fishing Equipment Tax Relief Act of 2021


summary

Introduced
06/08/2021
In Committee
06/08/2021
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 of 1986 to provide a reduced excise tax rate of 3% (down from 10%) for portable, electronically-aerated bait containers. This reduced tax rate would apply to articles sold by the manufacturer, producer, or importer after December 31, 2021, providing tax relief for this specific type of fishing equipment.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Referred to the House Committee on Ways and Means. (on 06/08/2021)

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