Sustainable Vessel Fuel Act amends the Internal Revenue Code to include sustainable vessel fuel in the clean fuel production credit.
The Sustainable Vessel Fuel Act amends the Internal Revenue Code to modify the clean fuel production credit to include a special rate for sustainable vessel fuel. This fuel must be suitable for commercial vessels or ferries, not derived from palm fatty acid distillates or petroleum, have a zero emissions rate, and meet standards identified by the Secretary. The amendments apply to fuel produced after December 31, 2025, and the credit terminates on December 31, 2035, for sustainable vessel fuel.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.