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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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.
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Filing registrants (1)
2016 · fourth_quarter · Taxation/Internal Revenue Code
Business Activty Tax Simplification, corporate tax code, LIFO, deferred depreciation, Second Home Interest deduction. MARCS, tax extenders HR 2029, Deferred Importation duty (HR 4065; Outdoor Recreational economics (S. 2219, HR 4655)
Client expense: $110,000 · Firm income: Not reported
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: Bureau of Labor Statistics (BLS), Bureau of the Census, Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Interior, Dept of (DOI), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), State, Dept of (DOS), U.S. Coast Guard (USCG), U.S. Copyright Office, U.S. Trade Representative (USTR)
2016 · fourth_quarter · Banking
Dodd Frank, dealer lending, marine dealer financing, Export-Import bank, LIFO tax reform, deferred depreciation, Deferred importation (HR4065)
Client expense: $110,000 · Firm income: Not reported
Government targets: Bureau of Labor Statistics (BLS), Bureau of the Census, Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Interior, Dept of (DOI), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), State, Dept of (DOS), U.S. Coast Guard (USCG), U.S. Copyright Office, U.S. Trade Representative (USTR)
2016 · third_quarter · Taxation/Internal Revenue Code
Business Activty Tax Simplification, corporate tax code, LIFO, deferred depreciation, Second Home Interest deduction. MARCS, tax extenders HR 2029, Deferred Importation duty (HR 4065; Outdoor Recreational economics (S. 2219, HR 4655)
Client expense: $90,000 · Firm income: Not reported
Government targets: Bureau of Labor Statistics (BLS), Bureau of the Census, Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Interior, Dept of (DOI), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), State, Dept of (DOS), U.S. Coast Guard (USCG), U.S. Copyright Office, U.S. Trade Representative (USTR)
2016 · third_quarter · Banking
Dodd Frank, dealer lending, marine dealer financing, Export-Import bank, LIFO tax reform, deferred depreciation, Deferred importation (HR4065)
Client expense: $90,000 · Firm income: Not reported
Government targets: Bureau of Labor Statistics (BLS), Bureau of the Census, Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Interior, Dept of (DOI), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), State, Dept of (DOS), U.S. Coast Guard (USCG), U.S. Copyright Office, U.S. Trade Representative (USTR)
2016 · second_quarter · Banking
Dodd Frank, dealer lending, marine dealer financing, Export-Import bank, LIFO tax reform, deferred depreciation, Deferred importation (HR4065)
Client expense: $90,000 · Firm income: Not reported
Government targets: Bureau of Labor Statistics (BLS), Bureau of the Census, Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Interior, Dept of (DOI), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), State, Dept of (DOS), U.S. Coast Guard (USCG), U.S. Copyright Office, U.S. Trade Representative (USTR)
2016 · second_quarter · Taxation/Internal Revenue Code
Business Activty Tax Simplification, corporate tax code, LIFO, deferred depreciation, Second Home Interest deduction. MARCS, tax extenders HR 2029, Deferred Importation duty (HR 4065)
Client expense: $90,000 · Firm income: Not reported
Government targets: Bureau of Labor Statistics (BLS), Bureau of the Census, Commerce, Dept of (DOC), Council on Environmental Quality (CEQ), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Interior, Dept of (DOI), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), State, Dept of (DOS), U.S. Coast Guard (USCG), U.S. Copyright Office, U.S. Trade Representative (USTR)
| Republican |
| FL |
| David W. Jolly | Republican | FL |
| Dennis A. Ross | Republican | FL |
| Frederica S. Wilson | Democratic | FL |
| Gus M. Bilirakis | Republican | FL |
| Ileana Ros-Lehtinen | Republican | FL |
| Jeff Miller | Republican | FL |
| Mario Diaz-Balart | Republican | FL |
| Richard B. Nugent | Republican | FL |
| Ron DeSantis | Republican | FL |
| Ted S. Yoho | Republican | FL |
| Theodore E. Deutch | Democratic | FL |
| Thomas J. Rooney | Republican | FL |