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Industry News

Value of Sold Brokerage Boats Rises 7%

Value of Sold Brokerage Boats Rises 7%

The value of all brokerage boats sold increased 7 percent in the U.S. last month, even as the number of boats sold declined by 4 percent compared to the previous December (2015). U.S. brokers reported a total of $274.8 million paid as 1,537 boats changed hands. Read...
Maryland Permanently Caps Boat Sales Tax

Maryland Permanently Caps Boat Sales Tax

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...