Connecticut tax changes affect boaters

March 2011 News

Additional proposed taxes on Connecticut recreational boaters could be enough to drive them to Rhode Island, according to an article in the Hartford Courant.

The proposal raises sales tax on boats from 6 to 6.35 percent and puts a new tax on labor, boat storage and other services. The sales tax trade-in allowance on new and used boat purchases could be eliminated and there's the possibility of a 3 percent sales surcharge on the value of vessels that cost more than $100,000.

Boat owners and industry people interviewed said Connecticut business could likely migrate to Rhode Island, which has a more favorable tax situation for boaters.

To read the article, go to: Proposed Tax Changes Put Squeeze On Boat Industry

http://www.boating-industry.com/output.cfm?id=2731339

Like what you read?

Want to know when we have important news, updates or interviews?

Search

Connecticut tax changes affect boaters

You Might Also Be Interested In...

Meet Modus, The Future of Mobile & Marine Audio

Underwater Scooter SEABOB F9 Premiers in Palm Beach

Stingray Boats and Koch Trucking Announce Strategic Partnership

Mercury Introduces Advanced Mid-Tiller Kit

Summit Discusses What to Do With Marine Debris

Brunswick Recognized on Newsweek's 2025 America's Greatest Workplaces for Women List

Share

Get more Pontoon in your inbox

Get more Pontoon in your inbox