S. 2972
119th CONGRESS 1st Session
To amend the Internal Revenue Code of 1986 to provide a reduced excise tax rate for portable, electronically-aerated bait containers.
IN THE SENATE OF THE UNITED STATES · October 3, 2025 · Sponsor: Mr. Scott of Florida · Committee: Committee on Finance
Table of contents
SEC. 1. Short title
- This Act may be cited as the Fishing Equipment Tax Relief Act of 2025.
SEC. 2. Three percent rate for portable, electronically-aerated bait containers
- (a) In general
- of the Internal Revenue Code of 1986 is amended by redesignating paragraph (4) as paragraph (5) and by inserting after paragraph (3) the following new paragraph: Section 4161(a)
- (4) 3 percent rate for portable, electronically-aerated bait containers
- In the case of portable, electronically-aerated bait containers, paragraph (1) shall be applied by substituting for .
3 percent10 percent
- In the case of portable, electronically-aerated bait containers, paragraph (1) shall be applied by substituting for .
- (4) 3 percent rate for portable, electronically-aerated bait containers
- of the Internal Revenue Code of 1986 is amended by redesignating paragraph (4) as paragraph (5) and by inserting after paragraph (3) the following new paragraph: Section 4161(a)
- (b) Effective date
- The amendments made by this section shall apply to articles sold by the manufacturer, producer, or importer after December 31, 2025.