Sec. 202. Regular tonnage taxes; Presidential suspension of tonnage taxes and light money
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/bill/118/s/5611/is/section-202·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 60301(b) of title 46, United States Code, is amended by striking , for fiscal years 2006 through 2010, and 6 cents per ton, not to exceed a total of 30 cents per ton per year, for each fiscal year thereafter, . Section 60304 of title 46, United States Code, is amended to read as follows: Except as provided in subsection (b), if the President is satisfied that the government of a foreign country does not impose discriminating or countervailing duties to the disadvantage of the United States, the President may suspend the imposition of special tonnage taxes and light money under sections 60302 and 60303 of this title on vessels of that country. Subsection
(a)shall not apply to any vessel that— is owned or operated by a foreign entity of concern (as that term is defined in section 4 of the SHIPS for America Act of 2024 ); is a vessel registered under a registry of a foreign country of concern (as that term is defined in section 4 of the SHIPS for America Act of 2024 ); or was a vessel registered under a registry of a foreign country of concern (as that term is defined in section 4 of the SHIPS for America Act of 2024 ) at any time during the 3 years preceding the date of the determination of the application of subsection (a). .