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US SB2972

Bill

Official Source

Status

Introduced

10/3/2025

Primary Sponsor

Rick Scott

Click for details

Origin

Senate

119th Congress

AI Summary

  • Reduces the federal excise tax rate on portable, electronically-aerated bait containers from 10% to 3%
  • Amends Section 4161(a) of the Internal Revenue Code of 1986 to create a new category for these specific fishing equipment items
  • Applies to articles sold by manufacturers, producers, or importers after December 31, 2025
  • Introduced October 3, 2025 by Senator Rick Scott (R-FL) and Senator Ashley Moody (R-FL), referred to the Committee on Finance

Legislative Description

Fishing Equipment Tax Relief Act of 2025

Taxation

Last Action

Read twice and referred to the Committee on Finance.

10/3/2025

Committee Referrals

Finance10/3/2025

Full Bill Text

No bill text available