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 locator beacons (a) Allowance of credit In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to 50 percent of the amounts paid or incurred by the taxpayer for the purchase of a qualified beacon during the taxable year. (b) Definitions For purposes of this section— (1) Qualified beacon The term qualified beacon means a beacon— (A) described in subparagraph (B) or (C) of section 45BB(b)(1) (determined without regard to subparagraphs (B)(iv) or (C)(iv) thereof), and (B) which is purchased by the taxpayer for use on an eligible vessel which is not a qualified vessel. (2) Eligible vessel, qualified vessel The terms eligible vessel and qualified vessel have the meaning given such terms in section 45BB(b)(1). (c) Termination This section shall not apply to taxable years beginning after December 31, 2028. . (b) Clerical amendment The table of sections for subpart A of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 25E the following new item: Sec. 25F. Personal tax credit for purchase of certain personal locator beacons. . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2023.