MRAA: Support boat tax deduction

Author:
Publish date:
Social count:
0

A law allowing a federal deduction for state and local sales tax paid on recreational boats is up for reauthorization next year, the Marine Retailers Association of America reminds its members.

“MRAA has informed boat dealers about this very important tax savings several times over the past few years, because we believe it is an important factor in the selling process. It is even more important today to sell this income savings in these very hard times,” said MRAA chairman Ed Lofgren.

For information, contact Larry Innis, MRAA’s Washington representative at (301) 858-7149.

Click here for the full release.

Related

Sales stagnate in March

Overall boat sales in March were slightly lower compared to last year and year-over-year growth was down by just over 1 percent, according to Statistical Surveys Inc., data that was gathered for 30 states.