The Maritime Fuel Tax Parity Act aims to establish tax parity for certain vessels by aligning the federal excise tax on commercial maritime fuel with that of other transportation modes. The bill proposes to reduce the current tax rate for maritime fuel used in commercial vessels to match the lower rates applied to other transportation sectors like rail and trucking. This adjustment seeks to promote competitiveness, support domestic maritime industries, and enhance economic growth while ensuring fair treatment across different modes of transportation.
2023-02-14: Introduced in House
2023-02-14: Referred to the House Committee on Ways and Means.
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