To amend the Internal Revenue Code of 1986 to provide that the harbor maintenance tax is applied to certain ports that import cargo exceeding $100,000,000 in value per year.
Latest action (23 Jun 2003): Introduced
What this bill does
H.R. 2564 would amend the Internal Revenue Code's harbor maintenance tax provisions, which fund port dredging and upkeep. Current law exempts certain smaller channels or harbors from this tax. The bill would eliminate that exemption for any port that, in any calendar year after 2001, handled imported commercial cargo valued at more than $100 million. Once a port crosses that threshold, the exemption would not apply unless the port later has three consecutive years with cargo value at or below $100 million and no federal funds spent on construction, maintenance, or operation during that period; even then, the exemption would only continue as long as cargo stays at or below the threshold.
The change would affect ports and harbors nationwide whose import cargo value exceeds $100 million annually, subjecting them to the harbor maintenance tax that funds channel dredging and upkeep, rather than being exempt as smaller facilities. Importers using these ports would also be affected, since the tax is generally assessed on cargo value.
The bill was introduced on June 23, 2003, by Rep. Michael Capuano along with several cosponsors, and referred to the House Committee on Ways and Means. It did not receive a vote and did not advance further in the 108th Congress.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Amends the Internal Revenue Code to apply the harbor maintenance tax to certain ports used to import commercial cargo worth more than $100,000,000. Negates the tax on a port for any year after a period of three consecutive years in which $100,000,000 or less cargo was imported through the port and no Federal funds were used for construction, maintenance, or operation, as well as for subsequent years so long as the preceding year's cargo was $100,000,000 or less.
Common questions
- What does H.R. 2564 do?
- H.R. 2564 would amend the Internal Revenue Code's harbor maintenance tax provisions, which fund port dredging and upkeep. Current law exempts certain smaller channels or harbors from this tax. The bill would eliminate that exemption for any port that, in any calendar year after 2001, handled imported commercial cargo valued at more than $100 million. Once a port crosses that threshold, the exemption would not apply unless the port later has three consecutive years with cargo value at or below $100 million and no federal funds spent on construction, maintenance, or operation during that period; even then, the exemption would only continue as long as cargo stays at or below the threshold. The change would affect ports and harbors nationwide whose import cargo value exceeds $100 million annually, subjecting them to the harbor maintenance tax that funds channel dredging and upkeep, rather than being exempt as smaller facilities. Importers using these ports would also be affected, since the tax is generally assessed on cargo value. The bill was introduced on June 23, 2003, by Rep. Michael Capuano along with several cosponsors, and referred to the House Committee on Ways and Means. It did not receive a vote and did not advance further in the 108th Congress.
- Has H.R. 2564 become law?
- Not yet. As of 23 Jun 2003, H.R. 2564 is introduced.
- Who sponsored H.R. 2564?
- H.R. 2564 was sponsored by Rep. Michael Capuano [D-MA7, 2013-2018] (Democrat-MA), with 6 cosponsors.
- What's the latest action on H.R. 2564?
- Introduced (23 Jun 2003).
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