H.R. 2369 · 115th Congress
To amend the Tariff Act of 1930 to provide for a deferral of the payment of a duty upon the sale of certain…
Full title
To amend the Tariff Act of 1930 to provide for a deferral of the payment of a duty upon the sale of certain used yachts, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
FrankelSponsor15 cosponsors · 3 D, 12 R
R
Diaz-Balart
TD
D
Deutch
RD
R
DeSantis
AH
D
Hastings
BM
R
Mast
TR
R
Rooney
FR
R
Rooney
TY
R
Yoho
IR
R
Ros-Lehtinen
AH
R
Harris
DW
R
Webster
BP
R
Posey
JR
R
Rutherford
GB
R
Bilirakis
DW
D
Wasserman Schultz8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Tariff Act of 1930 to repeal the deferral until sale of the duty on large yachts imported for sale at U.S. boat shows.
What it does: CRS summary · Introduced in House · May 4, 2017
This bill amends the Tariff Act of 1930 to repeal the deferral until sale of the duty on large yachts imported for sale at U.S. boat shows.
Any used yacht with a valid U.S. cruising license, instead, may enter, may be offered for sale in, and may remain in, the U.S. customs territory without the payment of duty, but subject to certain conditions.
If the used yacht, while in the U.S. customs territory, is sold to a U.S. resident:
- entry of the used yacht shall be completed and duty shall be deposited with U.S. Customs and Border Protection (CBP) within 15 days after completion of the sale, and
- by the same deadline any yacht broker or dealer involved in the sale must collect and remit that duty to the CBP.
The duty on the sale of that yacht shall be:
- calculated at the applicable rate under the Harmonized Tariff Schedule of the United States, and
- based upon the yacht's value at the time of sale.
No posting of bond for this duty may be required upon the used yacht's entry into the U.S. customs territory.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Tariff Act of 1930 to provide for a deferral of the payment of a duty upon the sale of certain used yachts, and for other purposes.
Latest action (May 18, 2017): Referred to the Subcommittee on Trade.
Policy area: Foreign Trade and International Finance · Origin: House · Introduced: May 4, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.