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S. 2972

U.S. Senate•In Senate Committee

Summary

S. 2972, the Fishing Equipment Tax Relief Act of 2025, was introduced in the Senate on Oct 3, 2025 by Sen. Rick Scott (R) with 1 co-sponsor. It was referred to Finance, and last saw action on Oct 3, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 2972 has 1 co-sponsor.

sb2972/introduced-in-senate.txt
119 S2972 IS: Fishing Equipment Tax Relief Act of 2025
 U.S. Senate
 2025-10-03
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 2972  IN THE SENATE OF THE UNITED STATES   October 3, 2025   Mr. Scott of Florida  (for himself and  Mrs. Moody ) introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
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.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-10-03
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

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

Sponsors

Sen. Rick Scott (R) sponsors S. 2972, and 1 member has co-sponsored it from the day it was introduced.

Committees

S. 2972 went before 1 committee: Finance.

Finance
Finance
Referred To · Oct 3, 2025 · 902 Bills

Actions

S. 2972 has taken 2 actions since Oct 3, 2025.

ChamberAction
Oct 3, 2025
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Oct 3, 2025
—
Introduced in Senate

Votes

S. 2972 has not gone to a roll call.

Titles

S. 2972 goes by 3 titles, 1 of them short titles.

  • Fishing Equipment Tax Relief Act of 2025 — Display Title
  • Fishing Equipment Tax Relief Act of 2025 — Short Title(s) as Introduced
  • A bill to amend the Internal Revenue Code of 1986 to provide a reduced excise tax rate for portable, electronically-aerated bait containers. — Official Title as Introduced

Classification

The Congressional Research Service files S. 2972 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 2972’s is Taxation.

s2972/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com