Coastal shipping companies would get a federal excise tax break on alternative motorboat fuels.
This bill would let certain shipping companies that operate along one U.S. coast avoid paying a federal excise tax on alternative motorboat fuels. Currently, these companies pay this tax. The bill would extend an existing tax break to them, applying to fuel sales made after December 31, 2023.
Today, companies running certain ships along one U.S. coast pay a federal excise tax on alternative motorboat fuels. If this bill becomes law, these companies would no longer pay that tax for fuel sales made after December 31, 2023. This would put them on par with other vessels that already have this tax break.
HR 2925 · 119th Congress · April 17, 2025 · AI Summary by gemini-2.5-flash · 10/10
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3 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.