119-HR2925
Maritime Fuel Tax Parity Act
Last action was on 4-17-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
View Official Bill Information at congress.govNo users have voted for/against support on this bill yet. Be the first!
119th CONGRESS
1st Session
H. R. 2925
1. Short title2. Exemption from excise tax on alternative motorboat fuels extended to include certain vessels serving only one coast1. Short title
This Act may be cited as the "Maritime Fuel Tax Parity Act".
2. Exemption from excise tax on alternative motorboat fuels extended to include certain vessels serving only one coast
(a) In general - Section 4041(g) of the Internal Revenue Code of 1986 is amended by adding at the end the following new sentence: "For purposes of subsection (a)(2), the exemption under paragraph (1) shall also apply to fuel sold or used by a vessel which is both described in section 4042(c)(1) and actually engaged in trade between Atlantic or Pacific ports of the United States (including any territory or possession of the United States).".
(b) Effective date - The amendment made by this section shall apply to sales after December 31, 2023.