Potential Increase of Harbor Maintenance Fee

Wednesday, June 10, 2009   POTENTIAL INCREASE OF HARBOR MAINTENANCE FEE (HMF)

 

A new House bill entitled Making Opportunity via Efficient and More Effective National Transportation (MOVEMENT) (H.R. 2355) has been introduced which will more than triple the Harbor Maintenance Fee.  HMF (also referred to as Harbor Maintenance Tax or HMT) is currently assessed at 0.125% and will increase to 0.4375% if passed.

 

This bill also proposes assessing an HMF fee of .3125% of the value of the cargo entering the United States over land after unlading in a foreign port.

 

For more information regarding this bill, please see the link provided below:

 

Representative Richardson’s press releasehttp://richardson.house.gov/list/press/ca37_richardson/pr_090512_movement_act.shtml