More Info »"/>

The Triton

News

Georgia limits state sales tax on parts and equipment during a refit

ADVERTISEMENT

On Feb. 16, the House of Representatives in the state of Georgia voted to limit state sales tax on parts and equipment during a refit at $500,000, according to a story in the Atlanta Journal-Constitution.

House Bill 125 is aimed at boosting Savannah’s refit and repair business.

Under the legislation, any parts, engines or equipment above $500,000 that a boat owner spends to repair, retrofit or maintain their boat, would be exempt from state sales taxes. Florida passed a similar measure two years ago capping state sales tax on repairs at $1 million.

Read the whole story here.

Related Posts...
Asia Pacific Superyachts New Zealand has hired Emma Crawshay as Read more...
Azimut Benetti has appointed Christos Ramnialis general manager of its Read more...
The Ferretti Group, announcing financial results for 2016 and the Read more...
It’s time for The Triton’s annual crayfish boil with V-Kool Read more...
Sailorman, a new and used marine store in Ft. Lauderdale, Read more...

Share This Post

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

Editor’s Picks

The Triton partners with Refit show

The Triton partners with Refit show

Ft. Lauderdale-based The Triton, a monthly news magazine for captains and crew, is partnering with organizers of the 2018 Refit …

Veteran yacht captain Rick Lenardson dies

Veteran yacht captain Rick Lenardson dies

Veteran yacht captain Richard (Rick) Lee Lenardson died on April 13 of a liver metastasis. A cancerous tumor at the esophagus and stomach …

Stew Cues: A lesson in porcelain

Stew Cues: A lesson in porcelain

Stew Cues: by Chief Stew Alene Keenan Yacht stews care for numerous ceramic and porcelain items, including dishes, decorative tiles, art …

Crew Coach: Get comfortable taking those first steps in a new direction

Crew Coach: Get comfortable taking those first steps in a new direction

Crew Coach: by Capt. Rob Gannon We all go through change and transitions in our lives. Some get thrown in our faces suddenly, and others …