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The Connecticut Marine Trades Association does not want the luxury tax because it will encourage buyers to look elsewhere when shopping for a boat. Why would they pay a premium for a purchase when they can do as they have for years, travel a few miles to the East and save 7% on any boat they wish? That's the nature of an isolated tax, purchasers have the option of easily going elsewhere, they have and they will continue to do so.

The luxury tax did not work when the federal government implemented it back in the '90's. It actually cost revenue because there was an immediate 30% or more reduction in business and boat sales dropped to near -0- the following year. If Connecticut implements the lax, purchasers only have to travel to Rhode Island or New York to avoid it. And considering the present state of the economy and the non-business friendly climate our state offers, Connecticut will lose what little business we have left

The upper sales tax or “luxury tax” is still an incentive for business to migrate to Rhode Island and eliminating it will remain on our industry’s agenda as the budget process continues to evolve. Connecticut’s jobs loss is a strong incentive to urge our legislature to get the tax process right. Letter, emails and calls are still necessary to let them know that if this imbalance with our neighboring states remain, we are still in jeopardy.

The Connecticut marine Trades Association does not want the luxury tax because it will encourage buyers to look elsewhere when shopping for a boat. Why would you pay a premium for a purchase when they can do as they have for years, travel a few miles to the east and save 7% on any boat they wish? That's the nature of an isolated tax, purchasers have the option of easily going elsewhere, they have and the will continue to do so.

The luxury tax did not work when the federal government implemented it back in the '90's. It actually cost revenue because there was an immediate 30% or more reduction in business and boat sales dropped to near zero the following year. If Connecticut implements the tax, purchasers only have to travel to Rhode Island or New York to avoid it. And considering the present state of the economy and the non-business friendly climate our state offers, Connecticut will lose what little business we have left.