H.R. 5750 (112th): To amend the Harmonized Tariff Schedule to modify the tariffs on certain wrist watches, and for other ...
...purposes.
112th Congress, 2011–2013. Text as of May 15, 2012 (Introduced).
Status & Summary | PDF | Source: GPO
HR 5750 IH
112th CONGRESS
2d Session
H. R. 5750
To amend the Harmonized Tariff Schedule to modify the tariffs on certain wrist watches, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
May 15, 2012
May 15, 2012
Mr. LARSON of Connecticut (for himself and Mr. MURPHY of Connecticut) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Harmonized Tariff Schedule to modify the tariffs on certain wrist watches, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. MODIFICATION OF DUTIES ON CERTAIN WRIST WATCHES.
(a) In General- Chapter 91 of the Harmonized Tariff Schedule of the United States is amended--
(1) by striking subheadings 9102.11.10 and 9102.11.25 and inserting the following new subheadings and superior text thereto, with the superior text to subheading 9102.11.05 having the same degree of indentation as subheading 9102.11.50:
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‘ With gold- or silver-plated case:
9102.11.05 Each valued not over $300 44 each + 4.9% Free (AU, BH, CA, CL, D, E, IL, J, J+, JO, KR, MA, MX, OM, P, PE, R, SG) $1.90 each + 45% on the case + 110% on the strap, band or bracelet + 35% on the battery
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(2) by striking subheadings 9102.11.30 and 9102.11.45 and inserting the following new subheadings and superior text thereto, with the superior text to subheading 9102.11.32 having the same degree of indentation as subheading 9102.11.50:
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‘ With gold- or silver-plated case:
9102.11.32 Each valued not over $300 44 each + 1.9% Free (AU, BH, CA, CL, D, E, IL, J, J+, JO, KR, MA, MX, OM, P, PE, R, SG) $1.90 each + 45% on the case + 35% on the strap, band or bracelet + 35% on the battery
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(b) Staged Rate Reductions- Any staged reduction of a rate of duty proclaimed by the President before the date of enactment of this Act that--
(1) would take effect on or after such date of enactment; and
(2) would, but for the amendments made by subsection (a), apply to subheading 9102.11.45 of the Harmonized Tariff Schedule of the United States,
applies to the corresponding rate of duty set forth in subheading 9102.11.44 of such Schedule (as added by subsection (a)).