Tag Archives: Taxes

U.S. Senate passes sweeping tax legislation

The Senate passed their version of tax reform legislation during the early morning hours of Saturday, Dec. 2, by a vote of 51-49. This comes on the heels of the House passing a tax reform package last month. Both chambers will now come together and work out the differences between the two pieces of legislation in order to get a final product to ...

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Survey: Ethanol, other policy issues big concerns for boating

From tax policy to environmental regulations to the Renewable Fuel Standard, the government is making it more difficult to do business in the boating industry, say a majority of Boating Industry readers. That’s according to the latest Boating Industry reader survey of dealers, manufacturers, suppliers and others in the industry. We asked the readers of our print and digital products ...

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Connecticut budget includes boat tax exemptions

The state of Connecticut's legislature passed a new state budget earlier this month that reduced a number of taxes as the state works to combat a reputation as unfriendly to business. Among those tax cuts, the National Marine Manufacturers Association reports, are some that will benefit the boating industry. The bill would exempt the sale of a vessel from the ...

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Weekly 5: Waters planned for Olympic sailing ‘sewage polluted’

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com. 1. Waters planned for Olympic sailing 'sewage polluted' After an Associated Press investigation that showed high levels of viruses, Olympic officials will conduct additional test on the waters off ...

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Weekly 5: New Jersey committee passes boat sales tax cap

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com. 1. New Jersey committee passes boat sales tax cap Another state is looking to cap the sales tax on boat sales. A New Jersey Senate Committee voted last week ...

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