RECREATIONAL BOAT TAX REPEAL.

SEC. 501. RECREATIONAL BOAT TAX REPEAL. (a) In General.— (1) Scope Of Fee.— Section 2110(b)(l) of title 46, United States Code, is amended— 106 STAT. 4910 (A) by striking “1991, 1992, 1993, 1994, and 1995”, and inserting in lieu thereof “1993 and 1994”; and (B) by striking “that is greater than 16 feet in length” and inserting in lieu thereof “to which paragraph (2) of this subsection applies”. (2) Amount Of Fee.— Section 2110(b)(2) of title 46, United States Code, is amended to read as follows: “(2) The fee or charge established under paragraph (1) of this subsection is as follows: “(A) in fiscal year 1993— “(i) for vessels of more than 21 feet in length but less than 27 feet, not more than $35; “(ii) for vessels of at least 27 feet in length but less than 40 feet, not more than $50; and “(iii) for vessels of at least 40 feet in length, not more than $100. “(B) in fiscal year 1994— “(i) for vessels of at least 37 feet in length but less than 40 feet, not more than $50; and “(ii) for vessels of at least 40 feet in length, not more than $100.”; (b) Effective Date.— The amendments made by this section are effective October 1, 1992.