A bill to amend the Internal Revenue Code of 1986 to provide a business credit against income for the purchase of fishing safety equipment.
Commercial Fishermen Safety Act of 2005 - Amends the Internal Revenue Code to allow commercial fishermen a business tax credit for up to 75 percent of the cost of certain fishing safety equipment. Limits the annual amount of such credit to $1,500.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S8752)
Read twice and referred to the Committee on Finance.
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