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- W2083070568 abstract "This article discusses the implications of how the increasing size of containerships is forcing ports to expand channels and facilities and how that expansion should be funded. Tax and user fee programs are discussed, including how they are assessed, e.g., specific to the ports that are to be improved, on a national basis, on the basis of which shipping lines will use the improvements, and how the rates should be determined. A history of funding on the federal level is given, dating back to 1986, when the system of federal/state matching funds was replaced by a Harbor Maintenance Tax, an ad valorem tax on the value of cargo. In 1999, the Clinton Administration proposed replacing the trust fund with a user-fee financed source of revenue, but the proposal was opposed by major stakeholders, and Congress did not act on the proposal. A key objection was that the Clinton plan would have shifted the burden from cargo to vessels. Alternatives studied in this paper include port-specific user dredging fees. The article also provides a theoretical framework for fees that satisfy a number of key criteria, which are described." @default.
- W2083070568 created "2016-06-24" @default.
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- W2083070568 date "2007-03-01" @default.
- W2083070568 modified "2023-09-23" @default.
- W2083070568 title "Financing Port Dredging Costs: Taxes versus User Fees" @default.
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- W2083070568 doi "https://doi.org/10.22004/ag.econ.207937" @default.
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