Amends the Tariff Act of 1930 to permit the deferral of duty payment (until sale) on any large yacht (a vessel exceeding 79 feet in length and used primarily for recreation or pleasure) that is imported for sale at a boat show, if the importer of record: (1) certifies to the Customs Service that it is imported for sale at a boat show in the United States; and (2) posts a bond in an amount equal to twice the amount of the duty ordinarily owed on such yacht.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 666.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E2114-2115)
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Trade.
Executive Comment Received from ITC.
Executive Comment Received from Commerce.
For Further Action See H.R.4342.
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