I 

114TH CONGRESS 

1ST SESSION H. R. 4065 

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. 

IN THE HOUSE OF REPRESENTATIVES 

NOVEMBER 18, 2015 

Ms. FRANKEL of Florida (for herself and Mr. YOHO) introduced the following 

bill; which was referred to the Committee on Ways and Means 

A BILL 

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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. DUTY UPON SALE OF CERTAIN USED YACHTS. 

4 (a) IN GENERAL.—Title IV of the Tariff Act of 1930 

5 (19 U.S.C. 1401 et seq.) is amended by striking section 

6 484b and inserting the following: 

7 ‘‘SEC. 484b. DUTY UPON SALE OF CERTAIN USED YACHTS. 

8 ‘‘(a) IN GENERAL.—Notwithstanding any other pro9 vision of law, any used yacht that has a valid cruising li10 cense under the laws of the United States may enter, may 


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1 be offered for sale in, and may remain in, the customs 

2 territory of the United States without the payment of 

3 duty, except that— 

4 ‘‘(1) if the used yacht, while in the customs ter5 ritory of the United States, is sold to a resident of 

6 the United States— 

7 ‘‘(A) entry of the used yacht shall be com8 pleted and duty shall be deposited with U.S. 

9 Customs and Border Protection within 15 days 

10 after the date on which the sale is completed; 

11 and 

12 ‘‘(B) any yacht broker or dealer involved in 

13 the sale shall collect the duty and remit the 

14 duty to U.S. Customs and Border Protection 

15 within 15 days after the date on which the sale 

16 is completed; and 

17 ‘‘(2) duty on the sale of a yacht described in 

18 paragraph (1) shall be calculated at the applicable 

19 rate provided under the Harmonized Tariff Schedule 

20 of the United States and shall be based upon the 

21 value of the yacht at the time of sale. 

22 ‘‘(b) NO POSTING OF BOND.—No bond may be re23 quired to be posted, upon entry of a used yacht into the 

24 customs territory of the United States, for the duty otherVerDate Sep 11 2014 03:37 Nov 24, 2015 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H4065.IH H4065

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1 wise payable on the entry of a used yacht to which sub2 section (a) applies. 

3 ‘‘(c) DEFINITION.—As used in this section, the term 

4 ‘used yacht’ means a vessel that has been sold, before the 

5 vessel is brought into the customs territory of the United 

6 States, by a manufacturer or dealer to a retail consumer 

7 and that is used primarily for recreation or pleasure. 

8 ‘‘(d) REGULATIONS.—The Commissioner responsible 

9 for U.S. Customs and Border Protection may issue such 

10 regulations as may be necessary to carry out this sec11 tion.’’. 

12 (b) RELATIONSHIP TO HARMONIZED TARIFF SCHED13 ULE.—Additional U.S. Note 1 to chapter 89 of the Har14 monized Tariff Schedule of the United States is amended 

15 by inserting ‘‘, subject to section 484b of the Tariff Act 

16 of 1930 (19 U.S.C. 1484b)’’ after ‘‘payment of duty’’. 

17 SEC. 2. EFFECTIVE DATE. 

18 The amendments made by section 1 shall apply to 

19 vessels entering the customs territory of the United States 

20 on or after the 15th day after the date of the enactment 

21 of this Act. 

Æ 


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