H.R. 2737 (107th): Support for Harbor Investment Program Act

107th Congress, 2001–2002. Text as of Aug 02, 2001 (Introduced).

Status & Summary | PDF | Source: GPO

HR 2737 IH

107th CONGRESS

1st Session

H. R. 2737

To amend the Internal Revenue Code of 1986 to repeal the harbor maintenance tax and to amend the Water Resources Development Act of 1986 to authorize appropriations for activities formerly funded with revenues from the Harbor Maintenance Trust Fund.

IN THE HOUSE OF REPRESENTATIVES

August 2, 2001

Mr. BORSKI (for himself, Ms. DUNN of Washington, Mr. CAPUANO, Mr. DICKS, Ms. KAPTUR, Mr. LAMPSON, Mr. MCGOVERN, Mrs. MEEK of Florida, Mr. FOLEY, Mr. NEAL of Massachusetts, Mr. BRADY of Pennsylvania, Mr. LATOURETTE, Mr. FATTAH, Mr. DELAHUNT, Mr. OBERSTAR, Mr. INSLEE, Mr. DEFAZIO, Mr. FILNER, Mr. BAIRD, Mr. HASTINGS of Washington, Mr. PAUL, Mr. SMITH of Washington, Mr. LARSEN of Washington, Mr. LIPINSKI, Ms. MCKINNEY, and Mr. UNDERWOOD) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To amend the Internal Revenue Code of 1986 to repeal the harbor maintenance tax and to amend the Water Resources Development Act of 1986 to authorize appropriations for activities formerly funded with revenues from the Harbor Maintenance Trust Fund.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ‘Support for Harbor Investment Program Act’.

SEC. 2. REPEAL OF HARBOR MAINTENANCE TAX.

    (a) IN GENERAL- Subchapter A of chapter 36 of the Internal Revenue Code of 1986 (relating to harbor maintenance tax) is hereby repealed.

    (b) CONFORMING AMENDMENT- The table of subchapters for chapter 36 of such Code is amended by striking the item relating to subchapter A.

    (c) EFFECTIVE DATE- The amendments made by this section shall take effect on the date of the enactment of this Act.

SEC. 3. CONFORMING AMENDMENT TO WATER RESOURCES DEVELOPMENT ACT OF 1986.

    Section 210 of the Water Resources Development Act of 1986 (33 U.S.C. 2238) is amended by adding at the end the following:

    ‘(c) FISCAL YEARS FOLLOWING REPEAL OF HARBOR MAINTENANCE TAX- Notwithstanding subsections (a) and (b), for each fiscal year in which there are no amounts in the Harbor Maintenance Trust Fund, there are authorized to be appropriated out of the general fund of the Treasury of the United States such sums as may be necessary to pay--

      ‘(1) eligible operations and maintenance costs of those portions of the Saint Lawrence Seaway operated and maintained by the Saint Lawrence Seaway Development Corporation for such fiscal year; and

      ‘(2) eligible operations and maintenance costs assigned to commercial navigation of all harbors and inland harbors within the United States.’.