IN THE SENATE OF THE UNITED STATES
April 15, 2021
Mr. Rubio (for himself and Mr. Scott of Florida) introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to provide a reduced excise tax rate for portable, electronically-aerated bait containers.
This Act may be cited as the
Fishing Equipment Tax Relief Act of 2021.
Three percent rate for portable, electronically-aerated bait containers
Section 4161(a) 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:
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
3 percent for
The amendments made by this section shall apply to articles sold by the manufacturer, producer, or importer after December 31, 2021.