1. Short title This Act may be cited as the Bryson Fitch Fishermen Protection Act . 2. Business tax credit for locator beacons (a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45BB. Locator beacon credit (a) In general For purposes of section 38, in the case of an eligible commercial fishing company, the personal locator beacon credit determined under this section for any taxable year is an amount equal to 50 percent of the sum of— (1) the basis of any qualified beacon placed in service by the taxpayer during such taxable year, and (2) amounts paid by the taxpayer for the maintenance of any qualified beacon during such taxable year. (b) Definitions For purposes of this section— (1) Qualified beacon (A) In general The term qualified beacon means a qualified emergency position-indicating radio beacon or qualified personal locator beacon which is placed in service on board a qualified vessel. (B) Qualified emergency position-indicating radio beacon The term qualified emergency position-indicating radio beacon means a device installed on an eligible vessel that— (i) transmits distress signals at a frequency between 406.0 and 406.1 MHz, (ii) is manufactured by a company approved to manufacture beacons by the International Cospas-Sarsat Programme, (iii) is registered with the United States National Oceanic and Atmospheric Administration, and (iv) is acquired for use on commercial fishing vessels by the taxpayer who owns or operates an eligible vessel. (C) Qualified personal locator beacon The term qualified personal locator beacon means a device designed to be carried by an individual that— (i) transmits distress signals at a frequency between 406.0 and 406.1 MHz, (ii) is manufactured by a company approved to manufacture beacons by the International Cospas-Sarsat Programme, (iii) is registered with the United States National Oceanic and Atmospheric Administration, and (iv) is acquired for use on commercial