US Congress House Bill 4065 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 13-4)
Status: Introduced on November 18 2015 - 25% progression, died in committee
Action: 2015-11-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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. 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.

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.

Rep. Lois Frankel [D-FL]	Rep. Ted Yoho [R-FL]	Rep. Ander Crenshaw [R-FL]	Rep. Thomas Rooney [R-FL]
Rep. Theodore Deutch [D-FL]	Rep. Alcee Hastings [D-FL]	Rep. Dennis Ross [R-FL]	Rep. Mario Diaz-Balart [R-FL]
Rep. David Jolly [R-FL]	Rep. Bill Posey [R-FL]	Rep. Jeff Miller [R-FL]	Rep. Frederica Wilson [D-FL]
Rep. Ron DeSantis [R-FL]	Rep. Gus Bilirakis [R-FL]	Rep. Ileana Ros-Lehtinen [R-FL]	Rep. Carlos Curbelo [R-FL]
Rep. Richard Nugent [R-FL]

Date	Chamber	Action
2015-11-18	House	Referred to the House Committee on Ways and Means.
2015-11-18	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/4065/all-info
Text	https://www.congress.gov/114/bills/hr4065/BILLS-114hr4065ih.pdf