I.R.C. § 9505(a) Creation Of Trust Fund —
There is hereby established in the Treasury of the United States a trust fund to
be known as the “Harbor Maintenance Trust Fund”, consisting of such amounts as may
be—
I.R.C. § 9505(a)(1) —
appropriated to the Harbor Maintenance Trust Fund as provided in this section,
I.R.C. § 9505(a)(2) —
transferred to the Harbor Maintenance Trust Fund by the ‘Great Lakes St. Lawrence
Seaway Development Corporation pursuant to section 13(a) of the Act of May 13, 1954,
or
I.R.C. § 9505(a)(3) —
credited to the Harbor Maintenance Trust Fund as provided in section 9602(b).
I.R.C. § 9505(b) Transfer To Harbor Maintenance Trust Fund Of Amounts Equivalent To Certain Taxes —
There are hereby appropriated to the Harbor Maintenance Trust Fund amounts equivalent
to the taxes received in the Treasury under section 4461
(relating to harbor maintenance tax).
I.R.C. § 9505(c) Expenditures From Harbor Maintenance Trust Fund —
Amounts in the Harbor Maintenance Trust Fund shall be available, as provided by
appropriation Acts, for making expenditures—
I.R.C. § 9505(c)(1) —
to carry out section 210 of the Water Resources Development Act of 1986,
I.R.C. § 9505(c)(2) —
for payments of rebates of tolls or charges pursuant to section 13(b) of the Act
of May 13, 1954 (as in effect on April 1, 1987), and
I.R.C. § 9505(c)(3) —
for the payment of all expenses of administration incurred by the Department of the
Treasury, the Army Corps of Engineers, and the Department of Commerce related to the
administration of subchapter A of chapter 36 (relating to harbor maintenance tax),
but not in excess of $5,000,000 for any fiscal year.
(Added by Pub. L. 99-662, title XIV, 1403(a), Nov. 17, 1986, 100 Stat. 4269; amended by Pub. L. 103-182, title VI, Sec. 683, Dec. 8, 1993; Pub. L. 104-303, title VI, Sec. 601 Oct. 12, 1996, 110 Stat. 3792; Pub. L. 113-121, Sec. 2102(c), June 10, 2014, 128 Stat. 1193; Pub. L. 116-260, Div. AA, title V, Sec. 512(c)(3), Dec. 27, 2020, 134 Stat. 1182.)
BACKGROUND NOTES
AMENDMENTS
2020—Subsec. (a)(2). Pub. L. 116-260, Div. AA, Sec. 512(c)(3), amended par. (2) by substituting “‘Great Lakes St. Lawrence
Seaway Development Corporation” for “Saint Lawrence Seaway Development Corporation”.
2014—Subsec. (c)(1). Pub. L. 113-121, Sec. 2102(c), amended par. (1) by striking “(as in effect on the date of the enactment of the
Water Resources Development Act of 1996)”
before the comma.
1996--Subsec. (c)(1). Pub. L. 104-303, Sec. 601, revised paragraph (1), which prior to revision read as follows:
“(1) to carry out section 210(a)
of the Water Resources Development Act of 1986 (as in effect on the date of enactment
of this section),”
1993—Subsec. (c)(3). Pub. L. 103-182, Sec. 683(a), amended par. (3). Before amendment, it read as follows:
“(3) for the payment of all expenses of administration incurred—
“(A) by the Department of the Treasury in administering subchapter A of chapter
36 (relating to harbor maintenance tax), but not in excess of $5,000,000 for any
fiscal year, and
“(B) for periods during which no fee applies under paragraph (9) or (10) of section
1031(a) of the Consolidated Omnibus Budget Reconciliation Act of 1985.”
EFFECTIVE DATE OF 2020 AMENDMENT
Amendment by Pub. L. 116-260, Div. AA, Sec. 512(c)(3), effective on the date of the enactment of this Act [Enacted:
Dec. 27, 2020].
EFFECTIVE DATE OF 2014 AMENDMENT
Amendment by Pub. L. 113-121, Sec. 2102(c), effective on the date of the enactment of this Act [Enacted: June 10, 2014].
EFFECTIVE DATE OF 1993 AMENDMENT
Amendment by Pub. L. 103-182, Sec. 683(a), effective for fiscal years beginning after the date of the enactment of this Act
[Enacted: Dec. 8, 1993].
EFFECTIVE DATE
Section 1403(d) of Pub. L. 99-662 provided that: “The amendments made by this section [enacting this section]
shall take effect on April 1, 1987.”
