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Court OpinionsState LawsAlabama US Code1 USC - General Provisions US Constitution |
46 USC 60303 - Light moneyLegal Research Home > US Code > Shipping > 46 USC 60303 - Light money Sec. 60303. Light money(a)Imposition of Tax.— A tax of 50 cents per ton, to be called "light money", is imposed on a vessel not of the United States at each entry in a port of the United States. This tax shall be imposed and collected under the same regulations that apply to tonnage taxes. (b) Exception for Vessels Owned by Citizens.— (1) In general.— Subsection (a) does not apply to a vessel owned only by citizens of the United States if— (A) the vessel is carrying a regular document issued by a customhouse of the United States proving the vessel to be owned only by citizens of the United States; and (B) on entry of the vessel from a foreign port, the individual designated under paragraph (2) states under oath that— (i) the document contains the names of all the owners of the vessel; or (ii) part of the ownership has been transferred since the document was issued and, to the best of that individual’s knowledge and belief, the vessel is still owned only by citizens of the United States. (2) Person to make statement.— The statement under paragraph (1)(B) shall be made by— (A) an owner if one resides at the port of entry; or (B) the master if an owner does not reside at the port of entry. (c) Exception for Vessels Becoming Documented.— Subsection (a) section does not apply to a vessel that— (1) is owned only by citizens of the United States; and (2) after entering a port of the United States, becomes documented as a vessel of the United States before leaving that port. Sections: Previous 60105 60106 60107 60108 60109 60301 60302 60303 60304 60305 60306 60307 60308 60309 60310 Next Last modified: July 21, 2011 |
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