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Congress·In Committee·H.R. 2925

Maritime Fuel: Tax Breaks for Coastal Shipping

Maritime Fuel Tax Parity Act

11 months ago·View on Congress.gov

Stalled

No legislative action in over 90 days.

Legislative Progress

House
Senate
President
Law

Key Points

  • This bill would give a tax break to ships that use alternative fuels while traveling between different ports on the same U.S. coast. Currently, these ships often have to pay a special tax on their fuel that other international or long-distance ships are allowed to skip.
  • The goal is to make it cheaper for companies to move goods by water along the Atlantic or Pacific coasts. By lowering the cost of fuel, the bill aims to encourage more shipping trade within the United States and its territories.
  • The tax exemption would apply to fuel sales made as far back as January 1, 2024. This means shipping companies that already paid these taxes could potentially get that money back or stop paying it for future trips.
  • This change specifically targets alternative fuels, which are often cleaner options than traditional heavy shipping oil. By making these fuels cheaper through tax breaks, the policy could help lower the environmental impact of moving goods between American cities.

Milestones

2 milestones2 actions
Apr 17, 2025House

Referred to the House Committee on Ways and Means.

Apr 17, 2025

Introduced in House

Related Bills

1 bill

Source Information

Document Type

Congressional Bill

Official Title

Maritime Fuel Tax Parity Act

Bill NumberHR 2925
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Ways and Means.

Sponsor

Cosponsors

(9)
D: 4R: 5

Analysis generated by AI. Always verify with official sources.