A tax cap on boat sales passed the Florida state legislature and is now waiting signature from Governor Charlie Crist, who has voiced his support for the bill.
The tax cap was passed as part of the larger Jobs for Florida Bill as a way to keep Florida from losing boat sales and service revenue to other states and countries that offer more favorable sales tax treatment.
The boat sales tax cap limits the 6 percent Florida state sales tax on a boat purchase to $18,000. The bill, if it becomes law is expected to make Florida more attractive for people contemplating buying boats over $300,000.
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