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119-s-549119th CongressWALLET

Maritime Fuel Tax Parity Act

Sponsored By: Senator Murkowski, Lisa [R-AK]

Introduced

Summary

Extends the excise tax exemption for alternative motorboat fuels to vessels that operate only on a single U.S. coast. The bill would amend the Internal Revenue Code to clarify that the exemption for fuels sold as supplies for vessels or aircraft also applies to vessels described in section 4042(c)(1) when they engage in trade between Atlantic or Pacific U.S. ports, including territories and possessions; the change would apply to fuel sold or used after December 31, 2025.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Excise tax break for coastal vessels

If enacted, this bill would extend a federal excise-tax exemption to certain vessels that operate on a single U.S. coast. The exemption would apply when a vessel meets the legal description in section 4042(c)(1) and actually trades between Atlantic or Pacific U.S. ports, including territories and possessions. The rule would cover fuel sold for use or used by those vessels for fuel sold or used after December 31, 2025. If passed, owners and operators of qualifying vessels would pay less federal excise tax on that fuel, lowering their operating fuel costs.

Sponsors & CoSponsors

Sponsor

Murkowski, Lisa [R-AK]

AK • R

Cosponsors

  • Sen. Hirono, Mazie K. [D-HI]

    HI • D

    Sponsored 2/12/2025

  • Sen. Sullivan, Dan [R-AK]

    AK • R

    Sponsored 2/12/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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