CONGRESS FOR VOTERS

RepublicanBill · S. 2972· Senate(119-S-2972)

Fishing Equipment Tax Relief Act of 2025

Rep. Scott
Age: 74 years
Florida
Introduced
10/3/2025
Last activity
10/3/2025 — Read twice and referred to the Committee on Finance.
Sponsored by
Rick Scott
Cosponsors
Republican - 1Democrat - 0
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Fishing Equipment Tax Relief Act of 2025," proposes changes to the Internal Revenue Code of 1986. It aims to provide a reduced excise tax rate for specific items. Specifically, it targets portable, electronically-aerated bait containers. The current rate would be changed from 10 percent to 3 percent. These changes would apply to articles sold by manufacturers, producers, or importers after December 31, 2025.

Yes· 3 of 6

  • Would business owners be better off under this?+4

    The bill lowers the excise tax rate for manufacturers and importers of bait containers.

  • Does this cut taxes for small businesses?+3

    The bill reduces the excise tax rate from 10 percent to 3 percent for specific fishing equipment, which lowers costs for manufacturers and importers.

  • Does this make it easier to run a small business?+3

    The tax reduction provides lower costs for businesses involved in the manufacturing and importation of bait containers.

The opposite

  • Does this reduce what the federal government spends?-1

    The bill reduces federal excise tax revenue by lowering the rate from 10 percent to 3 percent on these items.