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Tax Credit for Sustainable Ship Fuel
Recent Bills/Tax Credit for Sustainable Ship Fuel

Tax Credit for Sustainable Ship Fuel

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Read twice and referred to the Committee on Finance.
More:Recently Introduced BillsEconomySenate Bills
Why This Matters

This bill provides a tax credit for companies that produce sustainable fuel for ships and ferries, encouraging cleaner energy use in maritime transportation.

If you produce fuel for ships, you can receive a tax credit starting in 2026 for sustainable fuel production.
Who this affects
Fuel producers · Commercial vessel companies · Ferry companies
What changes is this bill making?
  1. 1This bill creates a special tax credit for producing sustainable fuel used in commercial vessels.
  2. 2Sustainable vessel fuel must meet specific environmental standards and cannot come from palm oil or petroleum.
  3. 3The bill extends the tax credit eligibility until December 31, 2035, for sustainable vessel fuel.
  4. 4Fuel producers can start claiming this credit for fuel made after December 31, 2025.

Last changed 2 months ago · checked hourly

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentJan 23, 2025

Read twice and referred to the Committee on Finance.

Sponsors
See all 11 sponsors
Senate
House
President

The President

Donald Trump
President
Awaiting Vote
Similar Bills
Senate Bill · S 881
1 of 4 · Introduced
Adds Renewable Fuel for Ships
Renewable Fuel for Ocean-Going Vessels Act
·Environment
House Bill · HR 6518
1 of 4 · Introduced
Sustainable Aviation Fuel Credit Bill
SAF Act
·Environment
Senate Bill · S 549
1 of 4 · Introduced
Tax Break for Certain Boat Fuels
Maritime Fuel Tax Parity Act
·Economy