Support This Tax Credit

Support This Tax Credit

Washington, D.C. - U.S. Representatives Patrick E. Murphy (FL-18) and Tom Rooney (FL-17) introduced the Austin and Perry Safe Boating Incentive Act to incentivize the use of safety beacons in boating activities. The bill is named to honor the memory of Austin Stephanos and Perry Cohen, two teenagers from Tequesta, Florida, who went missing on July 24, 2015 during a boating excursion.

The credit would cover 50 percent of the cost of the locator beacon or $200, whichever is less, with a lifetime limit of $500. Two types of locator beacons would qualify for the credit: (1) Emergency Position-Indicating Radio Beacons (EPIRBs), which are registered and installed on vessels; and (2) Personal Locator Beacons (PLBs), which are registered to individuals. Both devices use the same technology with the goal of helping search and rescue teams locate missing or stranded boaters more quickly. Only smaller recreational and passenger vessels would be eligible for the safety beacon tax credit. 

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Phone: 561-702-9837
Dated: March 16th 2016
Views: 269
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