H.R. 5655 · 118th Congress
Bryson Fitch Fishermen Protection Act
- Stage
- In committee
- Sponsor
- Marie Gluesenkamp Perez
- Introduced
- 2023-09-21
- Latest action
- 2023-09-21 · Introduced in House
Summary
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.