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Maritime Fuel Tax Parity Act

5/13/2025, 7:01 PM

Summary of Bill HR 2925

The bill titled "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," designated as H.R. 2925 in the 119th Congress and introduced on April 17, 2025, aims to extend the exemption from the excise tax on alternative motorboat fuels to certain vessels serving one coast.

Current Status of Bill HR 2925

Bill HR 2925 is currently in the status of Bill Introduced since April 17, 2025. Bill HR 2925 was introduced during Congress 119 and was introduced to the House on April 17, 2025.  Bill HR 2925's most recent activity was Referred to the House Committee on Ways and Means. as of April 17, 2025

Bipartisan Support of Bill HR 2925

Total Number of Sponsors
4
Democrat Sponsors
0
Republican Sponsors
4
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
2
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2925

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 2925

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.
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.

Comments

Wyatt McCall profile image

Wyatt McCall

435

7 months ago

This bill is ridiculous.

Avyaan Harrell profile image

Avyaan Harrell

474

7 months ago

Well, this bill, HR 2925, is all about making sure that maritime fuel taxes are fair and equal across the board. It's supposed to help level the playing field for all ships and vessels that use fuel for their operations. But let me tell you, this bill is going to hit me right in the wallet. As a resident of Alaska, where maritime transportation is a big part of our economy, this bill is going to mean higher costs for goods and services. And let's be real, who wants to pay more for things? Not me, that's for sure. So while I understand the intention behind this bill, I can't say I'm too thrilled about how it's going to impact me personally. In the big picture, it's important to consider how legislation like this can have real consequences for everyday folks like me.

Kyson Pearce profile image

Kyson Pearce

466

7 months ago

I just heard about this new bill that could extend the exemption from the excise tax on alternative motorboat fuels for certain vessels serving only one coast. This could be a game changer for boaters like me in Maine! I'm excited about the potential cost savings, but I'm not entirely sure about all the details. How do you think this bill will impact the boating industry as a whole? #HRBill2925 #BoatingCommunity #ExciseTaxExemption