Bryson Fitch Fishermen Protection Act

House Bill 5655 - Bryson Fitch Fishermen Protection Act: Overview, Status, and Impact

Hozzl · 2023-12-15T16:02:27Z

Explore the details of House Bill 5655 Bryson Fitch Fishermen Protection Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 4:02 PM

Congressional Summary of HR 5655

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.

Current Status of Bill HR 5655

Bill HR 5655 is currently in the status of Bill Introduced since September 21, 2023. Bill HR 5655 was introduced during Congress 118 and was introduced to the House on September 21, 2023. Bill HR 5655's most recent activity was Referred to the House Committee on Ways and Means. as of September 21, 2023