Tax Increase

A bill sponsored by the Connecticut Marine Trades Association was recently signed by the state’s governor, Daniel Malloy, eliminating the sales and use taxes on a vessel that’s docked in Connecticut for 60 or fewer days in a calendar year. This applies to any vessel, however owned and wherever registered.

Public Act 13-184 also repealed the 0.65% tax imposed on vessels of more than $100,000 in 2011.

Yet another bill signed this session expanded the winter storage window exemption on use tax from October to May.

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