HB5655: Bryson Fitch Fishermen Protection Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Internal Revenue Code of 1986 to establish tax credits for personal locator beacons on certain vessels.
Plain-language summary
This bill would create tax credits under federal tax law for fishermen and vessel operators who buy personal locator beacons. Personal locator beacons are emergency devices that help rescue teams find people in distress at sea. The credits would reduce the taxes owed by eligible vessel owners who purchase these safety devices. The bill was recently introduced in Congress and is in the early stage of the legislative process.
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HB5655: Bryson Fitch Fishermen Protection Act