S. 2972

Fishing Equipment Tax Relief Act of 2025

Shown here: Introduced in Senate (2025-10-03)

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

1. Short title

This Act may be cited as the “Fishing Equipment Tax Relief Act of 2025”.

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, 2025.

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