Maritime Fuel Tax Parity Act

This bill expands a current federal fuel tax break to cover more ships. It would let certain commercial vessels that run only along one U.S. coast (Atlantic or Pacific) buy alternative motorboat fuels without paying the federal fuel excise tax. The rule applies to ships traveling between U.S. ports, including territories and possessions. It would take effect for fuel sales after December 31, 2023.

Key points:

• Who’s affected: Coastal shipping companies and their fuel suppliers; costs could also affect shippers and customers.
• What changes: More vessels become eligible to buy alternative fuels tax-free when operating between U.S. ports on a single coast.
• When: Applies to sales after December 31, 2023.