Five percent tax excluded from final version of N.Y. state budget

Marine Fabricator | May 2009

New York’s finalized budget for 2009 does not include the five percent tax on boats over $200,000 included in the Governor’s original budget proposal. Aggressive opposition to the creation of the tax was expressed through letter-writing campaigns and hundreds of e-mails to Governor David Paterson from concerned boaters and marine businesses.

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