26Title 26The US tax code, read & explained

26 U.S.C. § 4461

§ 4461. Imposition of tax

114 words · amended 2 times · cited by 2 other sections

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No plain-English explainer yet. Below is the official text. Explainers are being added section by section.

History

Added in 1986 by the Public Law 99-662. Last changed August 10, 2005 by the Public Law 109-59.

Every change, newest first (3)
  1. August 10, 2005Public Law 109-59
  2. November 5, 1990Omnibus Budget Reconciliation Act of 1990
  3. November 17, 1986Public Law 99-662 · added this section

The law as written

Current through Public Law 119-102. Amendment notes omitted.

Structure

  1. (a) General rule
  2. (b) Amount of tax
  3. (c) Liability and time of imposition of tax
(a) General rule

There is hereby imposed a tax on any port use.

(b) Amount of tax

The amount of the tax imposed by subsection (a) on any port use shall be an amount equal to 0.125 percent of the value of the commercial cargo involved.

(c) Liability and time of imposition of tax
(1) Liability

The tax imposed by subsection (a) shall be paid by—

(A)

in the case of cargo entering the United States, the importer, or

(B)

in any other case, the shipper.

(2) Time of imposition

Except as provided by regulations, the tax imposed by subsection (a) shall be imposed at the time of unloading.