Tax on Cargo Entering from Canada or Mexico
Official: To amend the Internal Revenue Code of 1986 to impose a tax on United States-bound circumvented cargo through Canada or Mexico and entering the United States.
This bill creates a new tax on cargo that is shipped to the United States after being unloaded in Canada or Mexico. It aims to generate revenue from goods that bypass traditional shipping routes.
1. This bill imposes a tax on cargo entering the United States from Canada or Mexico. 2. The tax is set at 0.125 percent of the cargo's value. 3. Importers of the cargo must pay this tax when the cargo enters the U.S. 4. The tax applies to cargo that was first unloaded in Canada or Mexico. 5. The changes will take effect for cargo entering the U.S. after December 31, 2025.
Importers bringing goods into the United States from Canada or Mexico.