Tax-simplification bill reaches House floor


The Business Activity Tax Simplification Act (HR 1439) moved to the House floor for action last week, the National Marine Manufacturers Association said.

The bipartisan bill, introduced by Reps. Bob Goodlatte, R-Va., and Bobby Scott, D-Va., would establish a bright-line rule for when states can tax out-of-state companies. The House Judiciary Committee approved the bill.

“For the past several years, NMMA has been a critical member of a broad business coalition preventing states from unfairly taxing businesses that lack a physical ‘brick and mortar’ presence through ‘economic nexus.’ Economic nexus is the idea that there is enough of a connection between the state and a potential taxpayer to justify additional taxes,” the NMMA said. “The complexity and costs of compliance to these inconsistent and vague rules hurt boat manufacturers that do business across state lines.”

Before the bill was reported out of the committee, the NMMA and nearly 200 companies and trade associations sent a letter to Rep. Lamar Smith, R-Texas, chairman of the committee, and Rep. Howard Coble, R-N.C., chairman of the Judiciary Subcommittee on Courts, Commercial and Administrative Law, urging the panel to move forward with HR 1439.

The NMMA and the companies and trade groups had endorsed HR 1439 in a May letter to Coble. In April, Joan Maxwell, of Regulator Marine, testified on behalf of the NMMA at a Judiciary Subcommittee hearing.

Click here to read that letter.


Registration Open for IWMC

ICOMIA’s World Marinas Conference is scheduled for Oct. 12-14 in Dubai.

YellowV Appoints Product Sales Manager

The Vetus company aims to target growth in the watersports sector by appointing Nick Tuinenburg as product sales manager.

Lowrance, White River Marine Strengthen Collaboration

Electronics packages from the Navico subsidiary, including Ghost trolling motors, are set to be standard equipment on select White River boat brands.

Dealers: Will You Attend Boat Shows?

Will the shortage of boat inventory and other supply-chain challenges influence dealer decisions to attend fall and winter boat shows?

Change is Coming, Ready or Not

Every marine business must prepare for all kinds of technology that will upend the industry, fast.

A Record Q2 for Brunswick

With strong global demand in all its business segments, Brunswick Corp. reported another stellar quarter, posting a 57 percent jump in net sales.

OneWater Adds PartsVu

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