House Committee Approves Tax Breaks For Yachts
Hold on to your yacht club officer hats! The Texas House Ways and Means Committee has approved a tax break for big yachts,the San Antonio Express News reports.
The bill, authored by State Rep. John Davis (R-Houston) would limit Texans’ sales tax on boats to $18,000, matching Florida’s sales tax, regardless of the cost of the yacht.
Davis says the bill is an effort to keep the economic activity surrounding the purchase and upkeep of the vessels in Texas. This should also give extra nautical inspiration to songwriter and San Antonio native Christopher Cross to follow up on his 1980 hit song, “Sailing. ” Just you wait and see.