118 S101 IS: Fishing Equipment Tax Relief Act of 2023
U.S. Senate
2023-01-26
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EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.This Act may be cited as the Fishing Equipment Tax Relief Act of 2023
.2.Three percent rate for portable, electronically-aerated bait containers(a)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:(4)3 percent rate for portable, electronically-aerated bait containersIn the case of portable, electronically-aerated bait containers, paragraph (1) shall be applied by substituting 3 percent
for 10 percent
..(b)The amendments made by this section shall apply to articles sold by the manufacturer, producer, or importer after December 31, 2023.