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119-s-692119th CongressWALLET

Sustainable Vessel Fuel Act

Sponsored By: Senator Hirono, Mazie K. [D-HI]

Introduced

Summary

Expands the clean fuel production credit to cover sustainable vessel fuel. It would create a defined category of low-carbon liquid fuels for commercial vessels and ferries, set zero-emission and sourcing rules, require standards, and extend the credit window for those fuels.

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Bill Overview

Analyzed Economic Effects

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

Tax credit for sustainable ship fuel

This bill would let sustainable vessel fuel qualify for the Section 45Z clean fuel production tax credit. It would create a legal definition of "sustainable vessel fuel": a liquid fuel for commercial vessels or ferries that is not from palm fatty acid distillates or petroleum, has a zero emissions rate under the law, and meets standards the Secretary identifies (for example, ASTM). The change would apply to fuel produced after December 31, 2025. Sustainable vessel fuel would be eligible for the credit through December 31, 2035, while other fuels under Section 45Z still end on December 31, 2027.

Sponsors & CoSponsors

Sponsor

Hirono, Mazie K. [D-HI]

HI • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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