Harbor Maintenance Tax to be Replaced?
Senators Introduce the Maritime Goods Movement Act to replace the Harbor Maintenance Tax.
What is the Harbor Maintenance Tax?
It is designed to fund the operation and maintenance of U.S. ports, but legislators claim that it currently incentivizes shippers to bypass American ports and move U.S.-bound goods through NAFTA — through Canada and Mexico instead. According to the Journal of Commerce, the new legislation would replace the tax with a Maritime Goods Movement User Fee, which would assess a fee on all containers that originate internationally, including those that arrive by rail or truck.
To read more from Journal of Commerce, click here.
Port of Seattle introduces the Movement — Watch the video here