Kansas bill seeks to cut boat taxes - Trade Only Today

Kansas bill seeks to cut boat taxes

Author:
Updated:
Original:

The property tax on boats and other watercraft in Kansas will be cut from 30 percent of appraised value to 11.5 percent next year if Gov. Sam Brownback signs a bill the House and Senate approved last week.

Boat taxes would be phased down to 5 percent in 2015 and beyond, according to an article in the Wichita (Kan.) Eagle.

The move comes after 54 percent of Kansas voters approved a constitutional change last fall allowing the legislature to set up a new watercraft tax system. Critics of the existing tax rate said Kansans kept their boats in other states to avoid the high tax rate.

“That should bring some boat owners back to Kansas,” Wichita Republican Sen. Les Donovan told the paper.

The boat tax measure was included in the House sub for Senate Bill 83, which intended to clean up technical issues included in last year’s income tax cuts that accountants said could hurt business.

The House approved it 104-15 and the Senate approved it 36-2 on Wednesday.

Click here for the full report.

Related

Yanmar Brings Diesel Power to Wake Boat Segment

Engine manufacturer offers first fully integrated diesel option in partnership with Nautique.

GOST Unveils Updates Ahead of FLIBS

Marine security leader teases updated interface and more powerful satellite tracking antennas.

Virtual Edition of Metstrade Boat Builder Awards Announced for 2020

The awards will acknowledge challenges and resolve of the marine industry during the pandemic.

Mercury Marine and Beneteau Partnership Goes Global

Beneteau buyers around the world will now have Mercury for a power option.

Quick Hits: October 23, 2020

Brunswick pontoon facility earns award; Kemah Capital enters marine.

Brunswick Corp. Appoints New President

Aine Denari is an automotive industry veteran with vast experience in leading-edge mobility systems.

Menhaden Quotas Reduced

Sportfishing groups applauded the move, saying it will help rebuild the striped bass population.

Winnebago Reports Q4, Fiscal 2020 Results

Revenue grew 18.6 percent for the year to $2.4 billion.

Quick Hits: October 22, 2020

Tiara Yachts honors top dealers; Smoker Craft donates to MRAA; ICOMIA issues state of the industry.