S.549

Maritime Fuel Tax Parity Act extends excise tax exemption on alternative motorboat fuels to certain vessels serving only one coast.

The Maritime Fuel Tax Parity Act amends the Internal Revenue Code to extend the exemption from the excise tax on alternative motorboat fuels to include certain vessels serving only one coast. Specifically, the exemption applies to fuel sold for use or used by a vessel engaged in trade between the Atlantic or Pacific ports of the United States, including any territory or possession. The amendment takes effect for fuel sold for use or used after December 31, 2025.