S 2972119th CongressIn Committee

Fishing Equipment Tax Relief Act of 2025

Introduced: Oct 3, 2025

Sponsor: Sen. Scott, Rick [R-FL] (R-Florida)

Economy & Taxes

Standard Summary

Comprehensive overview in 1-2 paragraphs

This bill, titled the Fishing Equipment Tax Relief Act of 2025, would cut the federal excise tax on portable, electronically-aerated bait containers from 10 percent to 3 percent. It amends the Internal Revenue Code to add a specific reduced rate for these containers and sets that the lower rate applies to articles sold by manufacturers, producers, or importers after December 31, 2025. In short, the measure targets a narrow category of fishing gear, aiming to lower the tax burden on these devices and potentially reduce costs for buyers over time.

Key Points

1The bill creates a 3 percent excise tax rate specifically for portable, electronically-aerated bait containers, replacing the existing higher rate for that category.
2It amends Section 4161(a) of the Internal Revenue Code by redesignating the relevant paragraph and inserting a new paragraph that establishes the 3 percent rate for these containers.
3The reduced rate applies to articles sold after December 31, 2025 (effective date).
4The bill’s name is the Fishing Equipment Tax Relief Act of 2025, and it was introduced in the Senate by Mr. Scott of Florida (for himself and Mrs. Moody) and referred to the Committee on Finance.
5The change is limited to this specific type of fishing equipment; other items taxed under Section 4161 would remain at their current rates unless further amended.

Impact Areas

Primary: Manufacturers, producers, and importers of portable, electronically-aerated bait containers, as the tax rate they pay would be lowered.Secondary: Retailers and distributors of this specific fishing gear, who may experience changes in pricing strategies and demand depending on how savings are passed to consumers.Additional impacts: Consumers (anglers) who buy these containers could see lower prices if tax savings are passed through; potential effects on federal excise tax revenue due to the reduced rate; small businesses involved in producing or importing this equipment may experience economic effects related to tax incidence and pricing.

Generated by gpt-5-nano on Oct 23, 2025