tax cap

Maryland Permanently Caps Boat Sales Tax

Jun 17, 2016 | Industry News, News | 0 comments

Three years ago the State of Maryland instituted a sales tax cap for yacht sales. The tax was and has been 5% but was capped at $15,000. A $300,000 boat would be $15,000 and a $400,000 boat would also be $15,000. The tax cap was temporary and had a “sunset...