Connecticut Introduces Multiple Boat Tax Reform Bills

There are three bills currently before the Connecticut state senate that would decrease or eliminate sales tax on vessels and trailers. Senate bill 478 would exempt boats and boating-related services from the state’s sales and use tax. Senate bill 80 would exempt vessels, vessel engines and trailers from the state’s sales and use tax. Senate bill 81 would decrease the sales and use tax from 6.25 percent to 3 percent on all vessels sold and registered, and engines sold in the state. The purpose of all three bills is to make Connecticut’s boating industry more competitive. NMMA staff are currently monitoring these bills on behalf of the industry. For more information please contact Libby Yranski at [email protected].