Conn. proposes boat tax hike
HARTFORD, Ct. — New tax proposals in Connecticut could affect the boating industry and boat owners with increased taxes.
Gov. Dannel Malloy, in a proposal issued on Feb. 15., suggests a sales tax increase from 6 to 6.25 percent. It also includes eliminating a sales tax exemption for, among other things, boat service fees, which include boat storage and repair. There’s also a proposal for an additional sales tax increase to boats selling for more than $100,000.
Under the proposal, fuel tax would increase by 3 cents for gasoline and 2 cents for diesel.
The proposed tax hikes, which extend beyond boating, is expected to give the state an additional $1.5 billion in revenues.
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