Customs Tariff Amendment (No. 2) Act
Passed
Simplified for You
What this bill does
This bill creates a new customs duty discount for fuel companies operating at St. George's Oil Docks. It allows the government Minister to set reduced import taxes on certain types of fuel (light oils, kerosene, and diesel) that these companies take out of bonded warehouses to supply gas stations.
If Passed (Voted Yes)
St. George's Oil Docks operators will pay lower customs duties on fuel imports when supplying gas stations
The Minister can adjust these duty rates through official notices without needing Parliament's approval each time
Fuel companies must prove the fuel goes specifically to filling stations (including marine gas stations) to get the discount
If Rejected (Voted No)
St. George's Oil Docks operators continue paying standard customs duty rates on all fuel imports
No special duty relief system is created for fuel distribution to gas stations
The Minister cannot offer reduced rates to these operators under this proposed system
Who It Affects
This primarily affects fuel import companies operating at St. George's Oil Docks and potentially gas station owners and customers who might benefit from any cost savings passed along from reduced import duties.
Vote counts are not published.
The Bermuda Parliament does not publicly record individual vote counts or how each member voted.
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Related Bill
Customs Tariff Amendment (No. 2) Act 2022
Download bill PDF