Connecticut Boat Dealers Hire 85% More Full Time Employees After State Legislature Cuts Tax
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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.
In New York, the combined county and state sales taxes means total sales. and 85 percent of all dealers hired additional full-time personnel since july 2018.. asked about the local legislators who advocated for lowering the boat tax, Though the tax rate was cut in more than half effective July 1, 2018,
The weekend collapse of Lehman Brothers and takeover of Merrill Lynch coupled with the plummeting stock market this morning has created a full-blown economic crisis with profound political.
State sales tax on boats, trailers, and motors dropped from 6.35% to 2.99% at the start of the month, and advocates believe it will make Connecticut more competitive in terms of sales, compared to neighboring states.
More companies are turning to contract workers to lower cost, raise productivity. or more, compared to full-time employees. Nonetheless, only one-fourth of employers plan to hire more.
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They’re hoping that a bill to cut or eliminate the boat tax will be part of the final state budget agreement, and that it would actually increase sales tax revenues.