Maritime Industries Relief Act of 2019

Bill: 116-hr-2725
Sponsor: full_name: Rep. Mast, Brian J. [R-FL-18]
Introduced: 2019-05-14
Policy area: Foreign Trade and International Finance
Subjects: Marine and inland water transportation

Tariffs
Latest action: action_date: 2019-05-14
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-05-14
action_desc: Introduced in House
text: <p><b>Maritime Industries Relief Act of 2019</b></p> <p>This bill exempts from duty pre-owned yachts offered for sale or sold in the United States. </p> <p>The bill shall take effect 15 days after enactment. </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 2725 IN THE HOUSE OF REPRESENTATIVES May 14, 2019 Mr. Mast introduced the following bill; which was referred to the Committee on Ways and Means A BILL To provide duty-free treatment for the sale of used yachts, and for other purposes.

1. Short title This Act may be cited as the Maritime Industries Relief Act of 2019 . 2. Duty-free treatment for the sale of used yachts Section 484b of the Tariff Act of 1930 ( 19 U.S.C. 1484b ) is amended to read as follows: 484b. Duty-free treatment for the sale of used yachts (a) In general Notwithstanding any other provision of law, any dutiable vessel meeting the definition of a used yacht under subsection (b) may be offered for sale or sold in the customs territory of the United States without payment of duty. (b) Used yacht defined For purposes of duty-free treatment under subsection (a), the term used yacht means a vessel classifiable under heading 8903 of the Harmonized Tariff Schedule of the United States that was— (1) sold at least once before entering the customs territory of the United States; and (2) used, by the person bringing such vessel into the customs territory of the United States, primarily for recreation or pleasure. (c) Regulations The Secretary of the Treasury is authorized to make such rules and regulations as may be necessary to carry out the provisions of this section. . 3. Effective date The amendment made by section 2 shall apply with respect to any used yachts imported into the United States after the date that is 15 days after the date of the enactment of this Act.