H.R. 2925

119th CONGRESS 1st Session

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.

IN THE HOUSE OF REPRESENTATIVES · April 17, 2025 · Sponsor: Mr. Bean of Florida · Committee: Committee on Ways and Means

Table of contents

• H.R. 2925
  • SEC. 1. Short title
  • SEC. 2. Exemption from excise tax on alternative motorboat fuels extended to include certain vessels serving only one coast

SEC. 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
  • 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 or used by a vessel which is both described in section 4042(c)(1) and actually engaged in trade between Atlantic or Pacific ports of the United States (including any territory or possession of the United States). Section 4041(g)
• (b) Effective date
  • The amendment made by this section shall apply to sales after December 31, 2023.