Nonpartisan civic infrastructure
AllCiv·Legis1
·

H.R. 5655

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to establish tax credits for personal locator beacons on certain vessels.
About This Bill
Committee
Latest Action · September 21, 2023
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
September 21, 2023
Cosponsors (0)
None
View PDF ↗

Summary

Highlight any text to annotate
Bryson Fitch Fishermen Protection Act This bill allows a business-related tax credit for up to 50% of costs incurred for the purchase of personal locator beacons (PLBs) on a commercial vessel that has such beacons for every individual aboard the vessel. It also allows an income tax credit for individual taxpayers who purchase a PLB for use on a commercial vessel that does not have PLBs for every individual on board. The credits expire in taxable years beginning after 2028.

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.