### Question
How does the law define commercial vessel?


### Answer
Under *26 U.S.C. § 4462*, **commercial vessel** is defined as:

> any vessel used—


(i) in transporting cargo by water for compensation or hire, or


(ii) in transporting cargo by water in the business of the owner, lessee, or operator of the vessel

#### Citation:
  - *26 U.S.C. § 4462*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 36-CERTAIN OTHER EXCISE TAXES > Subchapter A-Harbor Maintenance Tax**

