118th Congress · SENATE BILLBILL

S. 101 — Fishing Equipment Tax Relief Act of 2023

“A bill to amend the Internal Revenue Code of 1986 to provide a reduced excise tax rate for portable, electronically-aerated bait containers.”

Taxation

Introduced Jan 26, 2023

Last action Jan 26, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jan 26, 2023

Step 2

Referred

Jan 26, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill reduces from 10% to 3% the excise tax rate that applies to the sale of portable, electronically-aerated bait containers by the manufacturer, producer, or importer.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Jan 26, 2023

Introduced in Senate

Jan 26, 2023

Read twice and referred to the Committee on Finance.