Sec. 2. Duty-free treatment for the sale of used yachts
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Section 484b of the Tariff Act of 1930 ( 19 U.S.C. 1484b ) is amended to read as follows: Notwithstanding any other provision of law, any dutiable vessel meeting the definition of a used yacht under subsection
(b)may be offered for sale or sold in the customs territory of the United States without payment of duty. For purposes of duty-free treatment under subsection (a), the term used yacht means a vessel classifiable under heading 8903 of the Harmonized Tariff Schedule of the United States that was— sold at least once before entering the customs territory of the United States; and used, by the person bringing such vessel into the customs territory of the United States, primarily for recreation or pleasure. The Secretary of the Treasury is authorized to make such rules and regulations as may be necessary to carry out the provisions of this section. .
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Sec. 2
Duty-free treatment for the sale of used yachts
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