Skip to main content

Nebraska boat dealer law in doubt

Legislation plugging a controversial boat tax loophole in Nebraska is in jeopardy again.

The bill, which has had its share of fits and starts, took another turn for the worse when its main promoter, state Sen. Dave Pankonin, announced his resignation, effective Oct. 7, Nebraska Watchdog reported.

Earlier this year Pankonin said that in order “to get it right” he was putting the Boat Dealers Licensing Act on hold until lawmakers return in January. Pankonin said he was confident that waiting a year would ensure the bill’s passage.

But this week a spokesperson for Pankonin told Nebraska Watchdog that when Pankonin resigns, the bill will be facing a “wait-and-see proposition.”

It’s been nearly two years since a Nebraska Watchdog investigation led to accusations that then state Sen. Kent Rogert failed to pay the sales tax on his boat by saying he was a boat dealer and receiving a boat dealer’s registration number, allowing him to avoid paying sales tax on the boat.

The investigation also uncovered dozens of other boat owners across the state using a loophole to avoid paying taxes.

Click here for the full article.

Related

1_LIMESTONE

Limestone Secures Financing for Expansion

The company said the $6 million in credit will be used to improve its Tennessee manufacturing facility and buy new equipment.

1_MCKENZIE

Mastry Marine Names Repower Center

St. Augustine, Fla.-based McKenzie Marine is the engine distributor’s latest designated Suzuki Repower Center.

1_VANDERBILT

Vanderbilt Ships First Pontoon

The company said the 700T Series was the first model shipped from its new Fort Wayne, Ind., factory and was delivered to The Marina in Angola, Ind.

1_CHIPS.ACT

NMMA Celebrates CHIPS Act

The legislation aims to return semiconductor manufacturing to the U.S. and allows businesses to deduct R&D costs in the same year they are incurred.

1_COX

Cox Marine Hires Sales and Support Staff

The diesel outboard builder this week brought aboard a new regional sales director, regional sales manager and an aftersales manager.

1_DEALEROUTLOOK

Boating Interests Lose Wind Farm Battle

The Ohio Supreme Court has ruled that a proposed wind farm off the Cleveland, Oh., waterfront meets planning requirements.

1_INFLATION.JULY

July Inflation Data Lags June

Consumer Price Index results may indicate that inflation has peaked, and Producer Price Index data was below market expectations.

1_YAMAHA

Yamaha Posts Higher Sales, Profit

The company’s first half 2022 net sales increased to $1.93 billion, and segment income rose to $330 million.