To amend the Tariff Act of 1930 to provide for a deferral of the payment of a duty upon the sale of certain...
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HR 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.
Last action — Referred to the House Committee on Ways and Means.
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✓Introduced
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✓In Committee
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Died in session
This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
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.
Bill Text
We don't have the full text on file for this bill yet.
Read HR 4065 on the official United States source →Action History
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Referred to the House Committee on Ways and Means.
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Introduced in House
Sponsors
- Lois Frankel · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HR 4065 do?
- 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.
- Who sponsors HR 4065?
- HR 4065 is sponsored by Lois Frankel (D).
- What is the current status of HR 4065?
- This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HR 4065?
- Track HR 4065 free on One Click Politics — get push/email alerts when it moves.
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