H. R. 1044
IN THE HOUSE OF REPRESENTATIVES
February 14, 2023
Mr. Rutherford (for himself and Mr. Garamendi) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to extend the exemption from the excise tax on alternative motorboat fuels sold as supplies for vessels or aircraft to include certain vessels serving only one coast.
This Act may be cited as the
Maritime Fuel Tax Parity Act.
Exemption from excise tax on alternative motorboat fuels extended to include certain vessels serving only one coast
Section 4041(g) of the Internal Revenue Code of 1986 is amended by adding at the end the following new sentence:
For purposes of subsection (a)(2), the exemption under paragraph (1) shall also apply to fuel sold or used by a vessel which is both described in section 4042(c)(1) and actually engaged in trade between Atlantic (including the Gulf of Mexico) or Pacific ports of the United States (including any territory or possession of the United States)..
The amendment made by this section shall apply to sales after December 31, 2021.