[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 549 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                 S. 549

To amend the Internal Revenue Code of 1986 to extend the exemption from 
  the excise tax on alternative motorboat fuels sold as supplies for 
 vessels or aircraft to include certain vessels serving only one coast.


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                   IN THE SENATE OF THE UNITED STATES

                           February 12, 2025

 Ms. Murkowski (for herself, Ms. Hirono, and Mr. Sullivan) introduced 
the following bill; which was read twice and referred to the Committee 
                               on Finance

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to extend the exemption from 
  the excise tax on alternative motorboat fuels sold as supplies for 
 vessels or aircraft to include certain vessels serving only one coast.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Maritime Fuel Tax Parity Act''.

SEC. 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 for use or used by a vessel which is both 
described in section 4042(c)(1) and actually engaged in trade between 
the 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 fuel sold for use or used after December 31, 2025.
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