S 692 · 119th Congress

Sustainable Vessel Fuel Act

This bill creates a tax credit for companies that produce clean fuel for ships and ferries. Right now, there's a federal tax credit for sustainable aviation fuel (jet fuel made from renewable sources), and this bill extends that same type of incentive to sustainable vessel fuel—clean fuel used in commercial ships an…

Sponsor

Hirono, Mazie K. (D-Hawaii)

Introduced

2025-02-24

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.