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Tax Break for Certain Boat Fuels
Recent Bills/Tax Break for Certain Boat Fuels

Tax Break for Certain Boat Fuels

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Introduced in House
Why This Matters

This bill helps certain boats by allowing them to buy alternative fuels without paying a tax. This change encourages maritime trade along the U.S. coasts.

If you operate a boat on the East or West Coast, you could save money on fuel costs starting in 2026.
Who this affects
Boat operators · Maritime trade businesses
What changes is this bill making?
  1. 1This bill extends a tax exemption for alternative motorboat fuels.
  2. 2The exemption applies to vessels operating along the Atlantic or Pacific coasts.
  3. 3It allows these vessels to purchase fuel without paying an excise tax.
  4. 4The change will take effect after December 31, 2025.
  5. 5This aims to support maritime trade on U.S. coasts.
Read the detailed summary

This bill repeals the business tax credit for clean fuel production beginning in 2025. (Under current law, the business tax credit for clean fuel production is available for the production and sale of qualified transportation fuel between 2025 and 2027.)

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentJan 16, 2025

Introduced in House

Sponsors
See all 2 sponsors
Senate
House
President

The President

Joe Biden
46th President
Awaiting Vote
Similar Bills
Senate Bill · S 692
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Sustainable Vessel Fuel Act
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Senate Bill · S 881
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Adds Renewable Fuel for Ships
Renewable Fuel for Ocean-Going Vessels Act
·Environment
House Bill · HR 7222
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No Tax on Boat Loan Interest Act of 2026
·Taxes