Summary of Bill S 2190

Overview

Bill Number: S 2190

Title: Provides motor fuel tax exemption for sales of diesel motor fuel made to commercial fishermen

Status: Referred to Budget and Revenue

Introduced: January 15, 2025

Classification: Bill

Purpose and Intent

The primary purpose of Bill S 2190 is to provide a tax exemption on diesel motor fuel sales specifically for commercial fishermen. This legislation aims to reduce operational costs for those engaged in commercial fishing, thereby supporting the industry and promoting economic activity within this sector.

Key Provisions

• Tax Exemption: The bill proposes a complete exemption from motor fuel taxes for diesel fuel purchased by commercial fishermen. This exemption is intended to alleviate financial burdens associated with fuel costs, which are a significant expense for fishing operations.

• Eligibility Criteria: While the bill does not specify detailed eligibility criteria in the provided information, it is implied that only those entities classified as commercial fishermen will qualify for the exemption.

Impact

• Beneficiaries: The primary beneficiaries of this bill will be commercial fishermen who rely on diesel fuel for their vessels. By reducing fuel costs, the bill aims to enhance the profitability and sustainability of commercial fishing operations.

• Economic Implications: The exemption could lead to increased competitiveness for local fishermen, potentially resulting in greater economic stability for communities dependent on fishing. It may also encourage more individuals to enter the commercial fishing industry.

Procedural Aspects

• Current Status: As of January 15, 2025, the bill has been referred to the Budget and Revenue committee for further consideration. This step is crucial for the bill's progression through the legislative process.

• Related Legislation: Bill S 2190 is related to several prior-session bills (S 331, S 782, S 6879, S 1600, S 3183, S 5164, S 2091) that may have addressed similar issues or proposed related tax exemptions for different sectors.

Conclusion

Bill S 2190 seeks to provide a significant tax relief measure for commercial fishermen by exempting them from motor fuel taxes on diesel fuel. This legislative effort is designed to support the fishing industry, enhance economic viability, and promote sustainable practices within the sector. The bill is currently under review by the Budget and Revenue committee, where further discussions and potential amendments may occur.