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...
Concord Marine Electronics has signed a deal with Marine Data Read more...
Jeff Last, VIP sales manager of Fort Lauderdale-based DYT Yacht Read more...
The Marine Industries Association of South Florida has moved to Read more...
West Marine is being acquired by New York-based private-equity firm Read more...
By Dorie Cox Every day, Joseph J. "Joe" Rubano scrolls 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Your email address will not be published.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

Victoria International Marina opens for yachts this summer

Victoria International Marina opens for yachts this summer

After more than 30 years in the making, the $17.8 million (24 million Canadian dollars) Victoria International Marina is on track to …

NY marina now ready for megayachts

NY marina now ready for megayachts

Large yachts headed to New England this summer can now call on Danfords Marina in Port Jefferson, N.Y. The recently renovated marina now …

It’s all in the family for RPM’s Rubano

It’s all in the family for RPM’s Rubano

By Dorie Cox Every day, Joseph J. "Joe" Rubano scrolls through his online calendar list of 63 employees to see who has a birthday or …

Owner’s View: Text on your own time

Owner’s View: Text on your own time

Owner's View: by Peter Herm This article is about the now ubiquitous smartphone and the crew management challenges it creates. The …