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Tax Credits for Sustainable Vessel Fuels

This act introduces new tax credits for companies producing environmentally friendly fuels for ships and ferries. The goal is to encourage the use of cleaner fuels in maritime transport, potentially reducing air pollution and improving quality of life in port cities. These changes may affect transportation costs and the availability of eco-friendly solutions.
Key points
New tax credits for producers of sustainable fuels for commercial vessels and ferries.
"Sustainable vessel fuel" is defined as liquid fuel not derived from palm fatty acid distillates or petroleum, with zero emissions.
These credits will be available until the end of 2035, supporting the development of green maritime transport.
The provisions will apply to fuel produced after December 31, 2025.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_692
Sponsor: Sen. Hirono, Mazie K. [D-HI]
Process start date: 2025-02-24
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Summarized by: gemini-2.5-flash-preview-05-20
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 119_S_692.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-24.

What are the main provisions?

Key points include:

  • New tax credits for producers of sustainable fuels for commercial vessels and ferries.
  • "Sustainable vessel fuel" is defined as liquid fuel not derived from palm fatty acid distillates or petroleum, with zero emissions.
  • These credits will be available until the end of 2035, supporting the development of green maritime transport.
  • The provisions will apply to fuel produced after December 31, 2025.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Taxes Environment Transport