Crowley Political Report

 
 
Much excitement at superyachtimes.com about the new jobs bill approved by the Florida Legislature and signed by Gov. Charlie Crist.

Tucked into the bill is a cap on sales taxes for boats. Now, only the first $300,000 of the price is taxed, limiting the tax to $18,000.  Not that the state needs the money.

Frank Herhold, executive director of Marine Industries Association of South Florida, is quoted in superyatchtimes.com saying:

 “Florida, always a popular place to purchase a vessel, immediately becomes more attractive for those contemplating purchases over $300,000 with the Boat Sales Tax Cap passed at the very end of the 2010 Legislative Session. . .Our bill is an important part of the Jobs for Florida economic development package and will serve as a Florida marine industry economic stimuli initiative.”

The boat above belongs to Florida resident Tiger Woods. CPR suspects it cost a bit more than $300,000.