[Congressional Record Volume 170, Number 79 (Tuesday, May 7, 2024)]
[Senate]
[Page S3550]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
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.
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