To amend the Internal Revenue Code of 1986 to provide a reduced excise tax rate for portable, electronically-aerated bait containers.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
Reduces the federal manufacturers excise tax rate on portable, electronically aerated bait containers from 10 percent to 3 percent for sales after December 31, 2025.
Who Benefits and How
Manufacturers, importers, retailers, and recreational anglers using portable electronically aerated bait containers could benefit from a lower excise tax rate.
Who Bears the Burden and How
Federal excise tax revenue dedicated to sport-fishing-related purposes could decline for the covered products.
Key Provisions
- Provides a short title.
- Creates a 3 percent excise tax rate for portable, electronically aerated bait containers instead of the general 10 percent rate.
- Applies to articles sold by manufacturers, producers, or importers after December 31, 2025.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Reduces the federal manufacturers excise tax rate on portable, electronically aerated bait containers from 10 percent to 3 percent for sales after December 31, 2025.
Key Policy Areas
Tax, Manufacturing, Recreation
Primary Purpose
Reduces the federal manufacturers excise tax rate on portable, electronically aerated bait containers from 10 percent to 3 percent for sales after December 31, 2025.
Policy Domains
Main Provisions
Identified Gains
Contextual inference, no direct clause citation- Manufacturers, importers, retailers, and users of portable electronically aerated bait containers
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Federal excise tax revenue collections for covered fishing equipment
Contextual inference, no direct clause citation
Sponsors
Rick Scott
R-FL | Primary Sponsor
Legislative Progress
IntroducedMr. Scott of Florida (for himself and Mrs. Moody) introduced …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Manufacturers, producers, and importers of portable electronically aerated bait containers
Recreational anglers purchasing portable electronically aerated bait containers
Federal excise tax revenue from covered fishing equipment
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology