Deferred importation legislation introduced in House

By jonathan.sweet U.S. Rep. Lois Frankel, D-Fla., has introduced legislation that would allow U.S. citizens to purchase foreign-flagged yachts while in U.S. waters without paying a costly import duty prior to the sale. The bill – H.R. 4065 – would amend the Tariff Act of 1930 and allow U.S. residents to defer …read more

Source:: Boating Industry News