Maritime Fuel Tax Parity Act

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1044 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 1044

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.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 14, 2023

Mr. Rutherford (for himself and Mr. Garamendi) introduced the following 
      bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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.--Section 4041(g) 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 
(including the Gulf of Mexico) or Pacific ports of the United States 
(including any territory or possession of the United States).''.
    (b) Effective Date.--The amendment made by this section shall apply 
to sales after December 31, 2021.
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