Sportfishing and Boating Equity Act of 2005
Last action on Feb 17, 2005Read twice and referred to the Committee on Finance.
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Summary
The Sportfishing and Boating Equity Act of 2005 proposes a change to how federal tax revenue from fuel sales is allocated. Specifically, it would require that all federal excise taxes collected on fuel used for motorboats and small engines be deposited directly into the Aquatic Resources Trust Fund. This shift is intended to ensure that the taxes paid by boaters and outdoor power equipment users are fully dedicated to funding conservation, habitat restoration, and the improvement of boating and fishing infrastructure.
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