118th Congress Taxation
H.R. 5655: Bryson Fitch Fishermen Protection Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
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Other bills by Marie Gluesenkamp Perez
History
- Introduced in the House by Marie Gluesenkamp Perez.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.