arrow_back Back to App

Tax Cut on Fishing Gear: Lower Excise Rate for Aerated Bait Containers.

This bill significantly reduces the federal excise tax on portable, electronically-aerated bait containers, dropping the rate from 10% to 3%. The goal is to lower the purchase cost of this specific equipment for anglers. These tax changes will apply to products sold by manufacturers, producers, or importers after December 31, 2023.
Key points
The excise tax rate for portable, electronically-aerated bait containers is reduced from 10% to 3%.
This reduction aims to make this specific type of fishing equipment potentially cheaper for consumers starting in 2024.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_101
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2023-01-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Fishing Equipment Tax Relief Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_101.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-01-26.

What are the main provisions?

Key points include:

  • The excise tax rate for portable, electronically-aerated bait containers is reduced from 10% to 3%.
  • This reduction aims to make this specific type of fishing equipment potentially cheaper for consumers starting in 2024.
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 Sen. Rubio, Marco [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Economy