### Question
Can you define what commercial vessel means?


### Answer
**Commercial vessel** is defined as the following in *26 U.S.C. § 4462*:

> 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**

