Among the wide range of provisions tucked into the One Big Beautiful Bill Act (OBBA), some will have a positive impact on the recreational marine industry — from tax policy to workforce development. Here are four important provisions the MRAA supported. 1. Qualified Business Income Deduction The 199A Qualified Business Income deduction — set to […]
Tag: Boating Advocacy wins
No Boat Tax Increase in New Jersey
• Strong Advocacy Efforts Lead to Boater Victory in Garden State In late June, Governor Murphy officially signed the 2026 New Jersey State Budget, keeping the boat tax unchanged. The Marine Trades Association of New Jersey exemplifies how vital state marine trades associations are in advocating for our industry. Their efforts highlight the importance of […]
Boat Dealers Exempt from New FTC Auto Regulations
• The rule, designed to protect consumers from auto retail scams, would have required boat retailers to fundamentally alter the way they do business. WASHINGTON, D.C., December 13, 2024 – Boat dealers could breathe a sigh of relief as the Federal Trade Commission (FTC) released the final version of its Auto Rule, renamed the Combating […]
