H.R. 3758 - Fishing Equipment Tax Relief Act of 2021

117TH CONGRESS
1ST SESSION

H.R. 3758

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

IN THE HOUSE OF REPRESENTATIVES

JUNE 8, 2021

Mr. CRIST introduced the following bill;
which was referred to the Committee on _____

A BILL

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the "Fishing Equipment Tax Relief Act of 2021".

SEC. 2. THREE PERCENT RATE FOR PORTABLE, ELECTRONICALLY-AERATED BAIT CONTAINERS.

(a) IN GENERAL. — Section 4161(a) of the Internal Revenue Code of 1986 is amended by redesignating paragraph (4) as paragraph (5) and by inserting after paragraph (3) the following new paragraph:

"(4) 3 PERCENT RATE FOR PORTABLE, ELECTRONICALLY-AERATED BAIT CONTAINERS. — In the case of portable, electronically-aerated bait containers, paragraph (1) shall be applied by substituting '3 percent' for '10 percent'.".

(b) EFFECTIVE DATE. — The amendments made by this section shall apply to articles sold by the manufacturer, producer, or importer after December 31, 2021.