Pipeline · Bill → Law
Step 1
Introduced
Sep 21, 2023
Step 2
Referred
Sep 21, 2023
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
Timeline · 2 actions
Sep 21, 2023
Introduced in House
Sep 21, 2023
Referred to the House Committee on Ways and Means.