,i  #aagth ,,congress  #b;d ,session    
,h4 ,r4 #ghdi  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ai1 #bjbb,mr4  
,moulton 7for himself and ,mr4 ,keating7
 introduced the following bill2 which   
was referred to the ,committee on ,ways 
and ,means  ,a ,,bill  ,to amend the    
,internal ,revenue ,code of #aihf to    
allow a credit against tax for the      
purchase of certain adaptive gear       
required to prevent the entanglement of 
right whales4  #a4 ,short title ,this   
,act may be cited as the ,conserving    
,lobstering ,and ,whales ,act of #bjbb  
or the ,,claw ,act of #bjbb4  #b4       
,adaptive gear required to prevent right
 whale entanglement  7a7 ,allowance of  
credit  7#a7 ,in general ,subpart ,d of 
part ,,iv of subchapter ,a of chapter #a
 of the ,internal ,revenue ,code of     
#aihf is amended by adding at the end   
the following new section3  #de,u4      
,adaptive gear required to prevent right
 whale entanglement  7a7 ,in general    
,for purposes of section #ch1 in the    

case of an eligible lobstering business1
 the right whale entanglement prevention
 credit determined under this section   
for any taxable year is an amount equal 
to #cj percent of the amounts paid or   
incurred by the taxpayer for the taxable
 year for the purchase of any adaptive  
gear required by ,state or ,federal law 
or regulation to prevent the            
entanglement of right whales in the     
course of the trade or business of      
lobstering4  7b7 ,eligible lobstering   
business  7#a7 ,in general ,for purposes
 of this section1 the term eligible     
lobstering business means any person--  
7,a7 engaged in the trade or business of
 lobstering1 and  7,b7 that submits a   
return of tax with respect to such      
taxable year that includes each of the  
following1 as applicable1 but in any    
case not less than #a of-- 7i7 a ,state 
commercial lobster license for such     
person1 and  7ii7 a ,federal vessel     
identification number for each vessel   
used by such person in the course of the

 trade or business of lobstering4  7#b7 
,controlled groups ,all persons which   
are treated as a single employer under  
subsections 7a7 and 7b7 of section #eb  
shall be treated as a single taxpayer   
for purposes of this subsection4  7c7   
,adaptive gear ,for purposes of this    
section1 the term adaptive gear means-- 
7#a7 gear required by the ,national     
,oceanic and ,atmospheric               
,administration as part of the ,atlantic
 ,large ,whale ,take ,reduction ,plan1  
and  7#b7 equipment used for electronic 
vessel tracking required by the         
,atlantic ,states ,marine ,fisheries    
,commission for ,north ,atlantic right  
whale risk reduction4  4  7#b7 ,credit  
made part of general business credit    
,section #ch7;b7 of such ,code is       
amended by striking plus at the end of  
paragraph 7#cb71 by striking the period 
at the end of paragraph 7#cc7 and       
inserting 1 plus1 and by adding at the  
end the following new paragraph3  7#cd7 
in the case of an eligible lobstering   

business1 the right whale entanglement  
prevention credit determined under      
#de,u7a74  4  7#c7 ,clerical amendment  
,the table of sections for subpart ,d of
 part ,,iv of subchapter ,a of chapter  
#a of such ,code is amended by adding at
 the end the following new item3  ,sec4 
#de,u4 ,adaptive gear required to       
prevent right whale entanglement4  4    
7b7 ,direct pay option  7#a7 ,in general
 ,subchapter ,b of chapter #fe of the   
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new section3  #fdca4 ,elective
 payment of right whale entanglement    
prevention credit  7a7 ,in general ,in  
the case of a taxpayer making an        
election 7at such time and in such      
manner as the ,secretary may provide7   
under this section with respect to any  
portion of the right whale entanglement 
prevention credit determined under      
section #de,u7a71 such taxpayer shall be
 treated as making a payment against the
 tax imposed by subtitle ,a for the     

taxable year equal to such amount4  7b7 
,timing ,the payment described in       
subsection 7a7 shall be treated as made 
on the later of the due date of the     
return of tax 7determined without       
extensions7 for such taxable year or the
 date on which such return is filed4    
7c7 ,exclusion from gross income ,gross 
income of the taxpayer shall be         
determined without regard to this       
section4  7d7 ,denial of double benefit 
,solely for purposes of section #ch1 in 
the case of a taxpayer making an        
election under this section1 the right  
whale entanglement prevention credit    
determined under section #de,u7a7 shall 
be reduced by the amount of the portion 
of such credit with respect to which the
 taxpayer makes such election4  4  7#b7 
,clerical amendment ,the table of       
sections for subchapter ,b of chapter   
#fe of such ,code is amended by adding  
at the end the following new item3      
,sec4 #fdca4 ,elective payment of right 
whale entanglement prevention credit4  4

  7c7 ,effective date ,the amendments   
made by this section shall apply to     
taxable years beginning after the date  
of the enactment of this ,act4