Bill
S 5633
Overview: S 5633 - Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunitiesPurpose and Int
Overview: S 5633 - Provides motor fuel tax exemption for sales of diesel motor fuel used in vessels used directly in a business providing sport fishing opportunities
Purpose and Intent: The main goal of this bill is to provide a tax exemption for the sale of diesel motor fuel used in vessels that are directly involved in businesses offering sport fishing opportunities. This is intended to support and promote the sport fishing industry.
Key Provisions:
- Exempts from the motor fuel tax the sale of diesel motor fuel used in vessels that are used directly in a business providing sport fishing opportunities
- Requires the vessel owner to provide documentation to the fuel seller to claim the tax exemption
- Directs the Department of Taxation and Finance to promulgate rules and regulations to implement the exemption
Affected Parties and Impacts:
- Businesses providing sport fishing opportunities, as they will see reduced fuel costs
- Consumers of sport fishing services, who may benefit from lower prices
- The state government, which will forgo some motor fuel tax revenue
Procedural and Timeline Considerations:
The bill has been referred to the Senate Budget and Revenue Committee for consideration. If passed by the legislature and signed into law, the tax exemption would take effect immediately.
Compiled from official sources — confirm details with the bill’s official record.
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