S.Amdt. 2018Senate118th Congress (2023-2025)2nd degree
S.Amdt. 2018
Sponsored by
Sen. Mazie K. Hirono (D-HI)
Submitted May 7, 2024
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Senate amendment submitted
May 7, 2024
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Senate amendment submitted
May 7, 2024
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Senate amendment submitted
May 7, 2024
Text
Submitted
SA 2018. Ms. HIRONO (for herself, Ms. Murkowski, and Mr. Casey) submitted an amendment intended to be proposed to amendment SA 1911 proposed by Ms. Cantwell (for herself, Mr. Cruz, Ms. Duckworth, and Mr. Moran) to the bill H.R. 3935, to amend title 49, United States Code, to reauthorize and improve the Federal Aviation Administration and other civil aviation programs, and for other purposes; which was ordered to lie on the table; as follows: At the appropriate place, insert the following: SEC. ___. EXEMPTION FROM EXCISE TAX ON ALTERNATIVE MOTORBOAT FUELS EXTENDED TO INCLUDE CERTAIN VESSELS SERVING ONLY ONE COAST. (a) In General.--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 for use or used by a vessel which is both described in section 4042(c)(1) and actually engaged in trade between the Atlantic (including the Gulf of Mexico) or Pacific ports of the United States (including any territory or possession of the United States).''. (b) Effective Date.--The amendment made by this section shall apply to fuel sold for use or used after December 31, 2021. ______