,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #dgje  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #c1 #bjaf ,mr4   
,murphy ( ,florida introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to       
provide a nonrefundable cr$it = !       
pur*ase ( em]g5cy position-indicat+     
radio beacons & p]sonal locator beacons4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,au/9 & ,p]ry ,safe ,boat+ ,inc5tive
 ,act4  #b4 ,cr$it = locator beacons    
7a7 ,9 g5]al ,subp>t ,a ( "p ,,iv (     
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ at ! end 
( ! foll[+ new section3  #be;,e4        
,locator beacons  7a7 ,all[ance ( cr$it 
,9 ! case ( an individual1 !re %all be  
all[$ z a cr$it aga9/ ! tax impos$ by   
?is *apt] = ! taxable ye> an am\nt equal
 to #ej p]c5t ( ! sum ( ! am\nt paid or 
accru$ =-- 7#a7 a qualifi$ em]g5cy      
position-indicat+ radio beacon1 &  7#b7 
a qualifi$ p]sonal locator beacon4  7b7 

,limitations  7#a7 ,annual limit ,!     
am\nt all[$ z a cr$it = any taxable ye> 
"u subsection 7a7 %all n exce$ #bjj4    
7#b7 ,lifetime limit ,! aggregate am\nt 
all[$ z a cr$it = all taxable ye>s "u   
subsection 7a7 %all n exce$ ! excess (--
 7,a7 #ejj1 r$uc$ 7b n bel[ z]o7 by     
7,b7 ! aggregate am\nt all[$ z a cr$it  
"u subsection 7a7 to ! taxpay] = all    
prior taxable ye>s4  7c7 ,def9itions ,= 
! purposes ( ?is section--  7#a7        
,qualifi$ em]g5cy position-indicat+     
radio beacon ,! t]m qualifi$ em]g5cy    
position-indicat+ radio beacon means a  
device in/all$ on an eligible boat t--  
7,a7 transmits di/ress signals at a     
frequ5cy betwe5 #djf4j & #djf4a ,m,hz1  
7,b7 is manufactur$ by a company approv$
 to manufacture beacons by !            
,int]national ,cospas-,s>sat ,programme1
 &  7,c7 is regi/]$ ) ! ,unit$ ,/ates   
,national ,oceanic & ,atmosph]ic        
,adm9i/ration4  7#b7 ,qualifi$ p]sonal  
locator beacon ,! t]m qualifi$ p]sonal  
locator beacon means a device design$ to

 be c>ri$ by an individual t-- 7,a7     
transmits di/ress signals at a frequ5cy 
betwe5 #djf4j & #djf4a ,m,hz1  7,b7 is  
manufactur$ by a company approv$ to     
manufacture beacons by ! ,int]national  
,cospas-,s>sat ,programme1  7,c7 is     
regi/]$ ) ! ,unit$ ,/ates ,national     
,oceanic & ,atmosph]ic ,adm9i/ration1 & 
7,d7 is acquir$ = use 9 boat+ activities
 by ! taxpay] :o owns or op]ates an     
eligible boat4  7#c7 ,eligible boats ,! 
t]m eligible boat means--  7,a7 any     
recreational vessel 7z def9$ 9 section  
#baja ( title #df1 ,unit$ ,/ates ,code71
  7,b7 any small pass5g] vessel 7z def9$
 9 section #baja ( title #df1 ,unit$    
,/ates ,code7 c>ry+ n m ?an #bej        
pass5g]s1 &  7,c7 any un9spect$ pass5g] 
vessel 7z def9$ 9 section #baja ( title 
#df1 ,unit$ ,/ates ,code74  7d7         
,regulations ,! ,secret>y %all prescribe
 su* regulations or o!r guidance z may  
be necess>y to c>ry out ?is section1    
includ+ regulations relat+ to !         
in/allation ( a qualifi$ em]g5cy        

position-indicat+ radio beacon on an    
eligible boat4  4  7b7 ,cl]ical am5dm5t 
,! table ( sections = subp>t ,a ( "p    
,,iv ( sub*apt] ,a ( *apt] #a ( su*     
,code is am5d$ at ! end ( ! foll[+ new  
item3  ,sec4 #be;,e4 ,locator beacons4  
4  7c7 ,effective date ,! am5dm5ts made 
by ?is section %all apply to em]g5cy    
position-indicat+ radio beacons in/all$1
 & p]sonal locator beacons pur*as$1 aft]
 ,decemb] #ca1 #bjae4