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Tax Credits for Fishermen Protecting Whales

This act introduces a tax credit for lobster businesses that purchase specialized gear to prevent whale entanglement. It aims to financially support fishermen in adapting to new environmental protection regulations, which may impact their operating costs.
Key points
Lobster businesses can receive a 30% tax credit for purchasing whale entanglement prevention gear.
The credit applies to gear required by state or federal law for whale protection.
A direct pay option is available, meaning businesses can receive the credit as a payment rather than a tax reduction.
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Expired
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Additional Information
Print number: 117_HR_7849
Sponsor: Rep. Moulton, Seth [D-MA-6]
Process start date: 2022-05-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

CLAW Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7849.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-05-19.

What are the main provisions?

Key points include:

  • Lobster businesses can receive a 30% tax credit for purchasing whale entanglement prevention gear.
  • The credit applies to gear required by state or federal law for whale protection.
  • A direct pay option is available, meaning businesses can receive the credit as a payment rather than a tax reduction.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Moulton, Seth [D-MA-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Environment Agriculture