1. Duty upon sale of certain used yachts (a) In general Title IV of the Tariff Act of 1930 ( 19 U.S.C. 1401 et seq.) is amended by striking section 484b and inserting the following: 484b. Duty upon sale of certain used yachts (a) In general Notwithstanding any other provision of law, any used yacht that has a valid cruising license under the laws of the United States may enter, may be offered for sale in, and may remain in, the customs territory of the United States without the payment of duty, except that— (1) if the used yacht, while in the customs territory of the United States, is sold to a resident of the United States— (A) entry of the used yacht shall be completed and duty shall be deposited with U.S. Customs and Border Protection within 15 days after the date on which the sale is completed; and (B) any yacht broker or dealer involved in the sale shall collect the duty and remit the duty to U.S. Customs and Border Protection within 15 days after the date on which the sale is completed