Us Code § 60303 - Light money
Full text of Us Code United States Code § 60303 — Light money, with citation guidance and answers to common questions.
§ 60303. Light money
(a)
(b)
(1)
(A) the vessel is carrying a regular document issued by a customhouse of the United States proving the vessel to be owned only by citizens of the United States; and
(B) on entry of the vessel from a foreign port, the individual designated under paragraph (2) states under oath that—
(i) the document contains the names of all the owners of the vessel; or
(ii) part of the ownership has been transferred since the document was issued and, to the best of that individual's knowledge and belief, the vessel is still owned only by citizens of the United States.
(2)
(A) an owner if one resides at the port of entry; or
(B) the master if an owner does not reside at the port of entry.
(c)
(1) is owned only by citizens of the United States; and
(2) after entering a port of the United States, becomes documented as a vessel of the United States before leaving that port.
(Pub. L. 109–304, §9(b), Oct. 6, 2006, 120 Stat. 1678; Pub. L. 115–232, div. C, title XXXV, §3546(v), Aug. 13, 2018, 132 Stat. 2327.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 60303(a) | 46 App.:128 (words before proviso). | R.S. §4225. |
| 60303(b) | 46 App.:129. | R.S. §4226. |
| 60303(c) | 46 App.:128 (proviso). | Mar. 4, 1915, ch. 171, §1, 38 Stat. 1193. |
In subsection (a), the word "tax" is substituted for "duty", and the word "imposed" is substituted for "levied and collected", for consistency in the chapter. The words "in the same manner" are omitted as unnecessary.
In subsection (b)(1), before subparagraph (A), the words "does not apply to" are substituted for "shall not be deemed to operate upon" to eliminate unnecessary words. The word "unregistered" is omitted as unnecessary. The word "only" is added for clarity and for consistency in the revised title. In subparagraph (A), the words "owned only by citizens of the United States" are substituted for "American property" for consistency. In subparagraph (B)(ii), the words "sold or" are omitted as unnecessary. The words "owned only by citizens of the United States" are substituted for "no foreign subject or citizen has . . . any share, by way of trust, confidence, or otherwise" to eliminate unnecessary words.
In subsection (b)(2), subparagraph (A) is substituted for "if the same shall be at the port at which the owner or any of the part owners reside", and subparagraph (B) is substituted for "If the owner or any part owner does not reside at the port or place at which such vessel shall enter, then the master shall make oath to the like effect", to eliminate unnecessary words.
Editorial Notes
Amendments
2018—Subsec. (c). Pub. L. 115–232 substituted "Subsection (a) does" for "Subsection (a) section does".
About This Section
46 U.S.C. § 60303 is part of Title 46 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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