Deficit Reduction Act of 2005/Title IV

TITLE IV — TRANSPORTATION PROVISIONS

Sec. 4001. Extension of Vessel Tonnage Duties.

(a) Extension of Duties.—

Section 36 of the Act entitled ``An Act to provide revenue, equalize duties and encourage the industries of the United States, and for other purposes´´, approved August 5, 1909 (36 Stat. 111; 46 U.S.C. App. 121), is amended—

(1) by striking ``9 cents per ton´´ and all that follows through ``2002,´´ the first place it appears and inserting ``4.5 cents per ton, not to exceed in the aggregate 22.5 cents per ton in any one year, for fiscal years 2006 through 2010,´´; and

(2) by striking ``27 cents per ton´´ and all that follows through ``2002,´´ and inserting ``13.5 cents per ton, not to exceed 67.5 cents per ton per annum, for fiscal years 2006 through 2010,´´.

(b) Conforming Amendment.—

The Act entitled ``An Act concerning tonnage duties on vessels entering otherwise than by sea´´, approved March 8, 1910 (36 Stat. 234; 46 U.S.C. App. 132), is amended by striking ``9 cents per ton´´ and all that follows through ``and 2 cents´´ and inserting ``4.5 cents per ton, not to exceed in the aggregate 22.5 cents per ton in any one year, for fiscal years 2006 through 2010, and 2 cents´´.