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https://townhall.com/tipsheet/timot...employees-after-state-legislature-cu-n2546903
The Day reports that boating companies in the Nutmeg State have seen record sales which have allowed boat dealers to hire 85% more workers after the Connecticut state government cut the boat sale tax from 6.35% to 2.99% starting last July.
Rick Dieterich, owner of Springline Yacht Sales, sold more than $3.6 million worth of equipment in 2018 following the state's tax cut, and is on track to do more than $4 million worth of sales in 2019. Dieterich credits the tax cut with his boom in business. "He said the average sale is in the $400,000 range but called them 'working people's boats,' for which buyers typically take out a 20-year mortgage," according to the paper.
But still, sales like those have helped marinas and boat dealers across the state stay in business and put more people to work. According to Kathleen Burns, executive director of the Connecticut Marine Trades Association, "average boat sales were up 41 percent per month, marinas reported an occupancy rate increase from 65 to 78 percent, and 85 percent of all dealers hired additional full-time personnel since July 2018." Even during the winter season, sales were up 8% when in previous years that season saw low unemployment and profits for the boating industry.
https://townhall.com/tipsheet/timot...employees-after-state-legislature-cu-n2546903
The Day reports that boating companies in the Nutmeg State have seen record sales which have allowed boat dealers to hire 85% more workers after the Connecticut state government cut the boat sale tax from 6.35% to 2.99% starting last July.
Rick Dieterich, owner of Springline Yacht Sales, sold more than $3.6 million worth of equipment in 2018 following the state's tax cut, and is on track to do more than $4 million worth of sales in 2019. Dieterich credits the tax cut with his boom in business. "He said the average sale is in the $400,000 range but called them 'working people's boats,' for which buyers typically take out a 20-year mortgage," according to the paper.
But still, sales like those have helped marinas and boat dealers across the state stay in business and put more people to work. According to Kathleen Burns, executive director of the Connecticut Marine Trades Association, "average boat sales were up 41 percent per month, marinas reported an occupancy rate increase from 65 to 78 percent, and 85 percent of all dealers hired additional full-time personnel since July 2018." Even during the winter season, sales were up 8% when in previous years that season saw low unemployment and profits for the boating industry.
