S. 4113 is a bill introduced in the Senate to allow states to require payment of specific state fees related to boating as a condition for issuing a vessel number. The bill amends Section 12307 of title 46 of the United States Code to permit state authorities to collect fees...
This bill lets states charge a fee to people who want a boat number, which is like a boat's special ID. The money helps pay for things like keeping boats safe and checking for pesky water plants.
The bill, titled the "Working Waterfront Disaster Mitigation Tax Credit Act," aims to amend the Internal Revenue Code of 1986. It proposes a 30% tax credit for investments in hazard mitigation projects related to working waterfront properties, with a maximum limit of $300,000 per taxpayer....
This bill wants to help people who own boats or work by water places by giving them special money back, called a tax credit, to make their places safer from storms. They can get back 30% of the money they spend, but there are some rules and limits on how much they can get back.
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