MRAA urges House panel to repeal estate tax

Author:
Updated:
Original:

The Marine Retailers Association of the Americas recently submitted testimony to Congress supporting a repeal of the estate tax, which opponents commonly call the “death tax.”

MRAA president Matt Gruhn gave the testimony May 31 to the House Subcommittee on Economic Growth, Tax and Capital Access of the Small Business Committee supporting the permanent repeal of the tax.

Gruhn told the panel that the tax is a burden on boat dealers and marina operators; inhibits economic growth, job creation and economic recovery; and jeopardizes family inheritance and the continuation of family-owned and operated businesses.

Click here to read his statement.

Related

A Strong Q2 for Garmin

The company posted total revenue of $1.33 billion, a 53 percent increase from the second quarter of 2020.

Brunswick Named Among America’s Best Employers for Women by Forbes

The marine manufacturer ranks on the list for the second consecutive year.

Destination Bermuda

Viking Yachts and Valhalla Boatworks team with PW Marine to expand its dealer network to the island.

Polaris Sees Strong Demand, Record Quarter

The surge in sales continues for Polaris in Q2, with its boats segment posting an increase of nearly 50 percent to $198 million.

OneWater Adds PartsVu

The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.

How to Go Strong For 75 Years!

The 4th generation, family-run Strong’s Marine has put client service at the top of its agenda for over 75 years.

NMLA Releases Annual Statistical Report

The National Marine Lenders Association’s annual report shows that marine loans increased significantly in the past two years, primarily among boat owners aged 45-54.

IBEX Education Conference Schedule Announced

The International BoatBuilders’ Exhibition & Conference will host 2021 pre-conference sessions, tech talks, online workshops and more.

World Cat Acquires New Facility

The catamaran builder adds a 265,000-square-foot manufacturing plant in N.C.