Bill · S. 549· Senate(119-S-549)
Maritime Fuel Tax Parity Act
- Introduced
- 2/12/2025
- Last activity
- 2/12/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Lisa Murkowski
- Cosponsors
- - 1 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the Maritime Fuel Tax Parity Act, aims to amend the Internal Revenue Code of 1986. It seeks to extend the existing exemption from the excise tax on alternative motorboat fuels. This extension would apply to certain vessels that serve only one coast. Specifically, it covers vessels engaged in trade between Atlantic or Pacific ports of the United States. The changes would take effect for fuel sold or used after December 31, 2025.
Yes· 3 of 5
Does this cut taxes for small businesses?+5
The bill extends an excise tax exemption on alternative motorboat fuels for specific vessels engaged in coastal trade.
Would business owners be better off under this?+5
The bill provides tax relief for those operating vessels engaged in trade between Atlantic or Pacific ports.
Does this make it easier to run a small business?+4
The extension of the fuel tax exemption reduces operational costs for specific maritime trading vessels.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Tax Exemption Extension: The bill extends the exemption from the excise tax on alternative motorboat fuels for specific vessels. This applies to vessels described in section 4042(c)(1) that are actually engaged in trade between Atlantic or Pacific ports of the United States (including any territory or possession of the United States). (Section 2(a))
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Reduces Small Business Taxes+5Improves Small Business Support+4
- Demographic And Interest Groups
- Good For Business Owners+5Good For Rural Residents+2
- Environment Energy And Infrastructure
- Increases Renewable Energy Investment+3
- 2/12/2025
- Read twice and referred to the Committee on Finance.
- 2 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Mazie HironoDemocrat · Hawaii
Dan SullivanRepublican · Alaska