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HR 2925119th CongressIntroduced
Maritime Fuel Tax Parity Act
Introduced: Oct 15, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
Extends excise tax exemption for alternative motorboat fuels to include vessels engaged in domestic coastal trade between US ports.
Key Points
- 1Amends Internal Revenue Code section 4041(g)
- 2Extends exemption to single-coast vessels
- 3Covers Atlantic and Pacific US port trade
- 4Applies to vessels described in section 4042(c)(1)
- 5Effective for sales after December 31, 2023
Impact Areas
Marine fuel industryCoastal shippingAlternative fuelsMaritime transportationFederal excise taxes
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