Yachting News » Of Interest » New York Offers Huge Tax Break for Yacht Owners
New York Offers Huge Tax Break for Yacht Owners
Posted: 31st Mar 2015 | Written By: Onboardonline
In Andrew Cuomo's recent budget for New York State, a new agreement will offer high end yacht buyers an important tax break. The first $230,000 of all vessel sales will still be fully taxed, but no sales tax will be collected on any purchase above that amount.
Legislators defended the exemption as a job-protection measure - read more
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