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Tax Credits for Zero-Emission Fuel Production for Ships and Ferries.

This law introduces new tax credits for companies that produce zero-emission liquid fuel specifically for commercial vessels and ferries. The goal is to accelerate the shift towards cleaner energy sources in maritime transport. This financial incentive supports the development of sustainable fuels, potentially leading to reduced pollution in coastal areas.
Key points
A special tax credit is created for producers of sustainable vessel fuel (SVF) under the Clean Fuel Production Credit.
SVF must be a liquid fuel suitable for commercial vessels, not derived from petroleum or palm fatty acid distillates, and must have a zero-emissions rate.
The tax credit for this sustainable vessel fuel is extended until December 31, 2034, promoting long-term investment in green shipping.
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Additional Information
Print number: 118_S_3002
Sponsor: Sen. Hirono, Mazie K. [D-HI]
Process start date: 2023-09-29
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Sustainable Vessel Fuel Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3002.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-09-29.

What are the main provisions?

Key points include:

  • A special tax credit is created for producers of sustainable vessel fuel (SVF) under the Clean Fuel Production Credit.
  • SVF must be a liquid fuel suitable for commercial vessels, not derived from petroleum or palm fatty acid distillates, and must have a zero-emissions rate.
  • The tax credit for this sustainable vessel fuel is extended until December 31, 2034, promoting long-term investment in green shipping.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Hirono, Mazie K. [D-HI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Environment Transport