Referred to the House Committee on Ways and Means.
Why This Matters
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.
If you import goods from Canada or Mexico, you will have to pay a new tax on those shipments.
Who this affects
Importers · Goods from Canada · Goods from Mexico
What changes is this bill making?
1This bill imposes a tax on cargo entering the United States from Canada or Mexico.
2The tax is set at 0.125 percent of the cargo's value.
3Importers of the cargo must pay this tax when the cargo enters the U.S.
4The tax applies to cargo that was first unloaded in Canada or Mexico.
5The changes will take effect for cargo entering the U.S. after December 31, 2025.
