Vessel excise tax impacting Maryland boat biz

Recreational marine businesses in Maryland are lobbying for a change in the state’s tax policy. Currently, a state excise tax requires boat owners to pay five percent of the value of their boat if they stay in the state more than 90 days during a given year. Representatives from the state’s boating industry suggest that the tax is driving boaters away, resulting in lost business and a recent decline in state boat registrations. Click here to read a CapitalGazette.com article on this issue, entitled “With industry sinking, boating advocates search for tax relief.”

Share:

On This Topic

Related Posts

Massachusetts Marine Trades Association Secures Workforce Funding

2026 Business of Boating Conference

Massachusetts Marine Trades Association to Host 20th Educational Conference FOXBORO, MASS. — The Massachusetts Marine Trades Association (MMTA) is pleased to announce it will host its annual Business of Boating

Read More »