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What can you do?
The repeal of the sales tax exemption, the luxury tax and addition of a municipal personal property tax will devastate the state's marine trade's industry which is just now beginning to recover from the recession. These proposals will not provide the state with the long term financial gain it expects, rather if passed, they will result in:
Connecticut has over 500 businesses involved in recreational boating, 300 of which are members of the Connecticut Marine Trades Association. During good economic times this industry employs about 12,000 people across the state, on the shorelines and inland with a payroll in excess of $375 million. These businesses would normally generate over $1.5 billion in annual sales and contribute $45 million in sales tax revenue alone. The marine industry also contributed over $10 million in property taxes and $4 million in out-of-state sales tax. The state will LOSE this revenue! After you have contacted your legislators, let CMTA know the result of
your contact by completing the Legislator
Debrief form. |