The Boat Sales Tax Cap passed the Florida State Legislature as part of the larger Jobs for Florida Bill, CS/SB‐1752, on Friday, April 30, 2010 – the last day of the Legislature’s current session.
Florida Beach
It now moves on to Governor Charlie Crist, who voiced his support for the Florida Jobs Bill on Friday. It’s not known at this point exactly hen CS/SB‐1752 will land on Gov. Crist’s desk; he will have 15 days from the time he receives it to sign it into law, which would take effect on July 1, 2010.
“The $18,000 Boat Sales Tax Cap has achieved a major milestone by passing both the Florida State House and Senate. Now it’s all up to the Governor,” said Jeff Erdmann, President of Bollman Yachts of Fort Lauderdale and a member of the Florida Yacht Brokers Association (FYBA) Legislative Committee, which has been spearheading efforts, along with ts partner, Marine Industries Association of South Florida (MIASF) Government Relations Committee, to pass this landmark legislation.
“We’re almost there,” said Cromwell Littlejohn, President of FYBA. “We want to thank all those who heeded our Call to Action and wrote their State Legislators in support of this easure. Your efforts have paid off.” Littlejohn urged FYBA members and marine industry professionals throughout the state of Florida to write Governor Crist in support of the bil Florida has been losing boat sales and service revenue to other states and countries who offer more favorable sales tax treatment.
The Boat Sales Tax Cap limits the 6‐percent lorida state sales tax on a boat purchase to $18,000, helping Florida to save marine industry jobs and, ultimately, increase sales tax revenue. MIASF Executive Director Frank Herhold commented, “Florida, always a popular place to purchase a vessel, immediately becomes more attractive for those contemplating purchases over $300,000 with the Boat Sales Tax Cap passed at the very end of the 2010 Legislative Session and now awaiting Governor Charlie Crist’s signature. Our bill is an mportant part of the Jobs for Florida economic development package and will serve as a lorida marine industry economic stimuli initiative.”
About FYBA:
Boat Sales Tax Cap Passes Florida State Legislature, Awaits Governor Crist’s Signature
Founded in 1987, the Florida Yacht Brokers Association (FYBA) has grown to become one of the world’s largest organizations of professionals engaged in the practice of selling and buying boats and yachts of all sizes and types. FYBA serves as a united voice for Florida boat brokers in the state’s legislative and regulatory processes, as well as providing ngoing education for its members. FYBA is headquartered in Fort Lauderdale, Florida. For ore information, visit
-fyba.org.
Fort Lauderdale Florida USA
About MIASF:
The Marine Industries Association of South Florida is a not-for-profit trade organization created to promote and protect the sound growth of the marine industry in South Florida for the benefit and education of its members, the community and the environment. The Association has 800 members in Broward, Miami-Dade and Palm Beach Counties and is the owner of the Fort auderdale International Boat Show. For more information, visit
-miasf.org.
Superyacht News Related to "Boat/Yacht Sales Tax Cap Passes in Florida State"
- Italy passes welcome new regulations to reduce superyacht bureaucracy
- The State of the Industry Review 2011
- Horizon Motor Yacht CC105 and V74 Yacht Shipping to Florida East Coast for Palm Beach Boat Show
- Linssen Yachts passes to third generation
- Smaller boat sales lead boating industry recovery in US
