summary
Introduced
05/14/2019
05/14/2019
In Committee
05/14/2019
05/14/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To provide duty-free treatment for the sale of used yachts, and for other purposes. This bill exempts from duty pre-owned yachts offered for sale or sold in the United States. The bill shall take effect 15 days after enactment.
AI Summary
This bill, the Maritime Industries Relief Act of 2019, provides duty-free treatment for the sale of used yachts in the United States. It amends the Tariff Act of 1930 to exempt from duty any pre-owned vessel that meets the definition of a "used yacht" - a vessel that has been sold at least once before and is used primarily for recreation or pleasure. The bill will take effect 15 days after enactment.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 05/14/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/2725/all-info |
| BillText | https://www.congress.gov/116/bills/hr2725/BILLS-116hr2725ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr2725/BILLS-116hr2725ih.pdf.pdf |
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