The bill would lower the federal excise tax rate on portable, electronically-aerated bait containers from 10% to 3%. The lower rate would apply to containers sold by a manufacturer, producer, or importer after December 31, 2025.
If you buy one of these containers, the lower tax may affect its price. The bill does not say whether sellers would pass the tax reduction on to buyers.
The bill does not provide a cost estimate. It would reduce the excise tax rate for the specified containers.
No publicly available information.
No publicly available information.