June 10, 2021 — A group of Tampa Bay area Congress members has reintroduced legislation seeking tax relief for Florida fishers.
The bill, known as the Fishing Equipment Tax Relief Act, would equalize the tax rate for portable, electronically aerated bait containers with the parts used to assemble them. The legislation is a bipartisan effort, sponsored by U.S. Reps. Gus Bilirakis, Charlie Crist, Vern Buchanan and Stephanie Murphy.
“Florida’s dynamic recreational and commercial fishing industry is vital to our economy and an essential part of the Florida way of life,” Bilirakis said in a statement. “The industry has faced many challenges over the past few years. Our bipartisan bill will offer important tax-equity in the fishing business, and represents an important economic boost as the recreation industry continues to recover.”
Currently, portable, electronically aerated bait containers are taxed at a rate of 10% if sold assembled, but the parts used to make the containers are taxed at a rate of only 3% when sold separately, according to a news release. The lawmakers supporting the bill argue that this tax rate penalizes small businesses that manufacture bait containers.
“The Sunshine State is the fishing capital of the world,” Crist said in a news release. “As an avid boater and fisherman, I know just how important fishing is to our economy, culture, and way of life. This bill will provide much needed tax relief to Florida’s fishing industry, safeguarding our small businesses, and keeping our economy strong and vibrant.”