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. (D) Qualified vessel The term qualified vessel means an eligible vessel which is equipped with at least 1 qualified personal locator beacon for each individual on board such vessel. (2) Eligible commercial fishing company The term eligible commercial fishing company means a business which owns or operates in the course of business any eligible vessel. (3) Eligible vessel The term eligible vessel means a vessel described in paragraph (12), (13), or (14) of section 2101 of title 46, United States Code. (c) Termination This section shall not apply to taxable years beginning after December 31, 2028. . (b) Credit To be part of general business credit Section 38(b) of such Code is amended by striking plus at the end of paragraph (40), by striking the period at the end of paragraph (41) and inserting , plus , and by adding at the end the following new paragraph: (42) in the case of an eligible commercial fishing company (as defined in section 45BB), the locator beacon credit determined under section 45BB(a). . (c) Clerical amendment The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by adding at the end the following new item: Sec. 45BB. Locator beacon credit. . (d) Effective date The amendments made by this section shall apply to beacons placed in service in taxable years beginning after December 31, 2023. 3. Personal tax credit for purchase of certain personal locator beacons (a) In general Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to nonrefundable personal credits) is amended by inserting after section 25E the following new section: 25F. Personal tax credit for purchase of certain personal