CONNECTICUT – Boat sales booming thanks to reduced state sales tax

The Connecticut Marine Trades Association says Connecticut boat sales are booming, thanks to last year’s lowering of the state sales tax rate on luxury boats. Some boat dealerships have seen a 25 percent spike since January, and it doesn’t look Continue reading CONNECTICUT – Boat sales booming thanks to reduced state sales tax

New Jersey – Boat Sales Tax Cut

SALT Report 3750– On December 9, 2015, New Jersey’s governor signed into effect a bill that will cut sales tax on boats. This means that there will be a total sales tax cap at $20,000. For further Information: http://www.pressofatlanticcity.com/business/new-jersey-cuts-sales-tax-on-purchase-of-new-boats/article_a33ac27a-9ebe-11e5-9392-075146f9cca6.html