[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 949 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                 S. 949

  To amend the Internal Revenue Code of 1986 to provide an excise tax 
            exemption for transportation on certain ferries.


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                   IN THE SENATE OF THE UNITED STATES

                May 13 (legislative day, April 19), 1993

 Mr. Mitchell introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to provide an excise tax 
            exemption for transportation on certain ferries.

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

SECTION 1. EXEMPTION FOR TRANSPORTATION ON CERTAIN FERRIES.

    (a) General Rule.--Subparagraph (B) of section 4472(1) of the 
Internal Revenue Code of 1986 (relating to exception for certain 
voyages on passenger vessels) is amended to read as follows:
                    ``(B) Exception for certain voyages.--The term 
                `covered voyage' shall not include--
                            ``(i) a voyage of a passenger vessel of 
                        less than 12 hours between 2 ports in the 
                        United States, and
                            ``(ii) a voyage of less than 12 hours on a 
                        ferry between a port in the United States and a 
                        port outside the United States.
                For purposes of the preceding sentence, the term 
                `ferry' means any vessel if normally no more than 50 
                percent of the passengers on any voyage of such vessel 
                return to the port where such voyage began on the 1st 
                return of such vessel to such port.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to voyages beginning after December 31, 1989; except that--
            (1) no refund of any tax paid before the date of the 
        enactment of this Act shall be made by reason of such 
        amendment, and
            (2) any tax collected from the passenger before the date of 
        the enactment of this Act shall be remitted to the United 
        States.

                                 <all>