HR 5655 · 118th Congress · Taxation
Bryson Fitch Fishermen Protection Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2023-09-21)
Plain Language Summary
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Bryson Fitch Fishermen Protection Act 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.…
Summarized by Claude AI · Non-partisan · For informational purposes only