![]() ![]() Review of the HMT will be undertaken by examining five aspects: who pays the tax, who doesn't pay, how much is paid, what the tax pays for, and the current status of the tax. Treasury.įollowing a heated debate of several years, Congress in 1986 broke precedent and created the Harbor Maintenance Tax (HMT) to recover a portion of the cost of maintenance dredging. Again, funding came from the general revenues of the U.S. As commerce developed, Congress reacted by passing the General Survey Act of 1824, assigning responsibility for maintenance of navigational waterways to the U.S. Lighthouse Establishment and commenced the long tradition that, since maritime navigational systems were vital to the entire nation, the nation as a whole should share in their costs. The ninth bill enacted by the First Congress of the United States created the U.S. ![]() This paper will examine the current funding situation in the U.S. The question is who should pay for these projects. This work is vital if numerous ports are to remain open and safe to modern merchant, naval, fishing, and recreational vessels. Dredging the ports and waterways of the United States is expensive. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |