46-U.S.C.-60303

§60303 – Light Money

Pathway

Title 46 > Subtitle VI > Chapter 603 > Section 60303

Details

• Reference: Section 60303
• Legend: §60303 – Light Money
• USCode Year: 2013

Provision Content

(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 individuals 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.

(Pub. L. 109–304, §9(b), Oct. 6, 2006, 120 Stat. 1678.)

In subsection (a), the word tax is substituted for duty, and the word imposed is substituted for levied and collected, for consistency in the chapter. The words in the same manner are omitted as unnecessary.

In subsection (b)(1), before subparagraph (A), the words does not apply to are substituted for shall not be deemed to operate upon to eliminate unnecessary words. The word unregistered is omitted as unnecessary. The word only is added for clarity and for consistency in the revised title. In subparagraph (A), the words owned only by citizens of the United States are substituted for American property for consistency. In subparagraph (B)(ii), the words sold or are omitted as unnecessary. The words owned only by citizens of the United States are substituted for no foreign subject or citizen has . . . any share, by way of trust, confidence, or otherwise to eliminate unnecessary words.

In subsection (b)(2), subparagraph (A) is substituted for if the same shall be at the port at which the owner or any of the part owners reside, and subparagraph (B) is substituted for If the owner or any part owner does not reside at the port or place at which such vessel shall enter, then the master shall make oath to the like effect, to eliminate unnecessary words.

U.S. Encyclopedia of Law Coverage

46-U.S.C.-60105 in the Legal Encyclopedia: Shipping

In this entry about 46-U.S.C.-60105, find legal reference material, bibliographies and premiere content related to shipping in the American Encyclopedia of Law, presenting a comprehensive view of the United States shipping-specific issues, written by authorities in the field.

45-U.S.C.-261 in the Legal Encyclopedia: Taxation

In this entry about 45-U.S.C.-261, find legal reference material, bibliographies and premiere content related to taxation in the American Encyclopedia of Law, presenting a comprehensive view of the United States taxation-specific issues, written by authorities in the field.

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