Sustainable Vessel Fuel Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 692 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 692 To amend the Internal Revenue Code of 1986 to modify the clean fuel production credit to provide a special rate for sustainable vessel fuel. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 24, 2025 Ms. Hirono introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to modify the clean fuel production credit to provide a special rate for sustainable vessel fuel. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Sustainable Vessel Fuel Act''. SEC. 2. SPECIAL RATE UNDER CLEAN FUEL PRODUCTION CREDIT FOR SUSTAINABLE VESSEL FUEL. (a) In General.--Section 45Z(a)(3) of the Internal Revenue Code of 1986 is amended-- (1) in the heading, by inserting ``and sustainable vessel fuel'' after ``sustai…