HR 4065 · 114th Congress 2015–2017, ended

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.

Introduced Nov 18, 2015 Originated House Sponsor Lois Frankel D-FL

Fact sheet

Latest action · Nov 18, 2015 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedNov 18, 2015
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

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.

Cosponsors 16

Members who signed on, in the order they did. Signatures ran from Nov 18, 2015 to Jul 14, 2016, with 1 there on the day it was introduced.

SeatCosponsorSigned on
R-FLTed S. YohoOriginalNov 18, 2015
R-FLAnder CrenshawDec 8, 2015
R-FLThomas J. RooneyJan 28, 2016
D-FLAlcee L. HastingsFeb 9, 2016
D-FLTheodore E. DeutchFeb 9, 2016
R-FLDennis A. RossFeb 29, 2016
R-FLMario Diaz-BalartMar 22, 2016
R-FLBill PoseyApr 18, 2016
R-FLDavid W. JollyApr 18, 2016
R-FLJeff MillerApr 26, 2016
D-FLFrederica S. WilsonApr 27, 2016
R-FLRon DeSantisApr 29, 2016
R-FLGus M. BilirakisMay 13, 2016
R-FLIleana Ros-LehtinenMay 13, 2016
R-FLCarlos CurbeloMay 26, 2016
R-FLRichard B. NugentJul 14, 2016

Actions 2

Everything that happened, newest first.

  1. Nov 18, 2015Introduced in House
  2. Nov 18, 2015Referred to the House Committee on Ways and Means.

Subjects

Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.

Text 1

Each version as it was printed, newest first.

  1. Nov 18, 2015Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.