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Friday, March 01, 2013

Limit Sought On Boat Tax Might Help Struggling Industry, Hurt Waterway Fund

A state bill proposing to set a $10,000 maximum tax on boat sales sparked a tense debate due to its potential implications on Maryland’s struggling maritime economy and the Waterway Improvement Fund (WIF).

The bill was drafted with aims to stimulate local marine-related jobs and businesses and discourage out-of-state purchase of boats — a practice which has become increasingly common due to the lower sales tax of vessels in neighboring states.

“Working where I do, I have a front row seat to the recreational marine world, and the past few years have been alarming,” said Bill Brandon, who works at Tidewater Yacht Service in Baltimore. “Vessels that have been registered and kept in Maryland are being sold and shipped out of state at a rising rate.”

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4 comments:

Anonymous said...

well the fools also want to add $10. to any fishing license purchased in maryland. Looks like it's time to mvoe! G-damn politicians always looking for a way to steal from us and tell us what great things they are going to do with the money but nothing ever gets better or changes! Except some incompitent nephew of some legislator gets a cushy job!
mathias & colburn sponsored the bill!
ciol

Anonymous said...

This should be for "working boats" and not pleasure boats and a bill aimed at making it more affordable for millionaires to buy their yachts in Maryland. Just like that Cigar tax. The expensive cigars aren't taxed.

Anonymous said...

More welfare for the wealthy is not needed now.

Anonymous said...

How about a cap on all sales & "titelling" taxes - cars, trucks, planes, etc.