Bill > S2972

This bill amends the Internal Revenue Code of 1986 to reduce the excise tax rate on portable, electronically-aerated bait containers from 10% to 3%. Specifically, the bill modifies Section 4161(a) by adding a new paragraph that sets a lower tax rate for these specialized fishing equipment items. The tax reduction would apply to articles sold by manufacturers, producers, or importers after December 31, 2025. An electronically-aerated bait container is likely a device used by fishers that uses electronic technology to maintain or improve the condition of live bait, and this bill aims to provide tax relief for anglers and fishing equipment manufacturers by lowering the federal excise tax on such equipment. The bill's title, the "Fishing Equipment Tax Relief Act of 2025," reflects its purpose of reducing the tax burden on a specific type of fishing-related product.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/2972/all-info