HARTFORD, Connecticut ― The Connecticut state senate has three boat tax reform bills to consider. These bills can decrease or eliminate sales tax on vessels and trailers.
“Senate bill 478 would exempt boats and boating-related services from the state’s sales and use tax; senate bill 80 would exempt vessels, vessel engines and trailers from the state’s sales and use tax; senate bill 81 would decrease the sales and use tax from 6.25 percent to 3 percent on all vessels sold and registered, and engines sold in the state,” according to the National Marine Manufacturers Association website.
The intent of all three bills is to improve the state’s marine industry. For more information contact Libby Yranski at email@example.com.