| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 549 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to extend the exemption |
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| 6 | 6 | | from the excise tax on alternative motorboat fuels sold as supplies for |
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| 7 | 7 | | vessels or aircraft to include certain vessels serving only one coast. |
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| 8 | 8 | | IN THE SENATE OF THE UNITED STATES |
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| 9 | 9 | | FEBRUARY12, 2025 |
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| 10 | 10 | | Ms. M |
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| 11 | 11 | | URKOWSKI(for herself, Ms. HIRONO, and Mr. SULLIVAN) introduced the |
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| 12 | 12 | | following bill; which was read twice and referred to the Committee on Finance |
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| 13 | 13 | | A BILL |
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| 14 | 14 | | To amend the Internal Revenue Code of 1986 to extend |
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| 15 | 15 | | the exemption from the excise tax on alternative motor- |
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| 16 | 16 | | boat fuels sold as supplies for vessels or aircraft to |
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| 17 | 17 | | include certain vessels serving only one coast. |
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| 18 | 18 | | Be it enacted by the Senate and House of Representa-1 |
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| 19 | 19 | | tives of the United States of America in Congress assembled, 2 |
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| 20 | 20 | | SECTION 1. SHORT TITLE. 3 |
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| 21 | 21 | | This Act may be cited as the ‘‘Maritime Fuel Tax 4 |
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| 22 | 22 | | Parity Act’’. 5 |
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| 23 | 23 | | VerDate Sep 11 2014 22:28 Mar 07, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S549.IS S549 |
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| 24 | 24 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 25 | 25 | | •S 549 IS |
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| 26 | 26 | | SEC. 2. EXEMPTION FROM EXCISE TAX ON ALTERNATIVE 1 |
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| 27 | 27 | | MOTORBOAT FUELS EXTENDED TO INCLUDE 2 |
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| 28 | 28 | | CERTAIN VESSELS SERVING ONLY ONE 3 |
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| 29 | 29 | | COAST. 4 |
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| 30 | 30 | | (a) I |
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| 31 | 31 | | NGENERAL.—Section 4041(g) of the Internal 5 |
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| 32 | 32 | | Revenue Code of 1986 is amended by adding at the end 6 |
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| 33 | 33 | | the following new sentence: ‘‘For purposes of subsection 7 |
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| 34 | 34 | | (a)(2), the exemption under paragraph (1) shall also apply 8 |
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| 35 | 35 | | to fuel sold for use or used by a vessel which is both de-9 |
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| 36 | 36 | | scribed in section 4042(c)(1) and actually engaged in 10 |
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| 37 | 37 | | trade between the Atlantic or Pacific ports of the United 11 |
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| 38 | 38 | | States (including any territory or possession of the United 12 |
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| 39 | 39 | | States).’’. 13 |
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| 40 | 40 | | (b) E |
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| 41 | 41 | | FFECTIVEDATE.—The amendment made by 14 |
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| 42 | 42 | | this section shall apply to fuel sold for use or used after 15 |
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| 43 | 43 | | December 31, 2025. 16 |
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| 44 | 44 | | Æ |
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| 45 | 45 | | VerDate Sep 11 2014 22:28 Mar 07, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S549.IS S549 |
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| 46 | 46 | | ssavage on LAPJG3WLY3PROD with BILLS |
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