Proposal to Increase U.S. vessel Tonnage Duties

Monday, October 31, 2005
The House Committee on Transportation and Infrastructure issued a Press Release stating that, as part of the budget reconciliation process, it will propose that vessel tonnage duties be increased. Under the proposal, the duty on a vessel arriving from a foreign port in North America, Central America, the West Indian Islands, and the Bahamas Islands would be increased from 2 cents per ton to 4.5 cents per ton, not to exceed 22.5 cents per ton in a single year. The duty on a vessel arriving from any other foreign port would be increased from 6 cents per ton to 13.5 cents per ton, not to exceed 67.5 cents per ton in a single year. It is estimated that this proposal will increase federal receipts by $32 million in fiscal year 2006 and by $156 million for the five-year period 2006-2010. Source: HK Law
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Kvaerner in Statoil Unmanned Platform Project

Kvaerner say that Statoil has awarded it a concept study related to a standardised, unmanned dry tree wellhead platform for the Oseberg Future Development project.

CACI Named MSC Logistics Prime Contractor

CACI International Inc says it has been selected as a prime contractor to provide logistics support to the U.S. Navy’s Military Sealift Command (MSC) on the Worldwide

DoD Awards US$117-M New Orleans Dredge Contract

The US Department of Defense informs that it has awarded Boh Bros. Construction Co., LLC, New Orleans, Louisiana, a US$116,956,672 firm-fixed-price contract with

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1167 sec (9 req/sec)