Legislation kills U.S. Customs ruling that taxed repair work at sea

Just prior to the Congress recessing for a month, Senator Trent Lott (R-Mississippi) added language to the pension reform bill that exempts U.S.-flag operators from paying the 50 percent ad valorem duty on equipment purchase abroad for repairs made in U.S.-flag vessels by U.S. mariners outside of the United States.

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Tuesday, August 1, 2006