| Home | Worldwide Yacht Search | Contact Us | Subscribe to RSS Feed | Join Mailing List | Facebook
 
Menu

Florida State Senator Wants Incentives For Yachting Companies

Florida Yachts For SaleA Florida state senator is using her seat on the Enterprise Florida board to lobby for more incentives for yachting companies that expand or relocate in Florida.

Sen. Nancy Detert told the Bradenton Herald newspaper it’s a step that should have occurred years ago before boatbuilders and their ancillary businesses left for states such as North Carolina that levy fewer taxes.

“We have made some changes, but it was after the horse left the barn,” Detert said. “We need to focus on the marine industry as one of our main economic drivers.”

During the last few years, Detert said, the legislature has taken steps to make the state more business-friendly for maritime companies, including a measure to erase the taxes tied to boat materials so a manufacturer is taxed only on the final product.

Detert hopes to propel growth in the industry with a proposal for Florida to add the marine sector to its list of Qualified Target Industries, which benefit from higher incentives to relocate or expand in the state, largely because of the quality of jobs they offer.

Target industry companies are eligible for a number of tax breaks on corporate income, property, sales and even insurance premiums.

The state’s target industries include manufacturing, life sciences, distribution, defense and aviation, among others. As it now stands, boating companies are not included.

“This should be one of our jewels,” Detert said. “We need to be more specific in going after the market.”

Latest News & Events

Fenway-for-yacht  

The Best Yacht Charter Destinations for Sport Lovers

It’s common knowledge that superyachts and s…

Charter Yachts available at Miami Boat Show  

Walk the Show with a Pro for Charter Yachts at Miami Boat Show

Interested in Chartering a yacht? Denison offe…

Ferretti-Group-Military  

Ferretti Group Is Entering The Security and Defense Industry

The Ferretti Yachts for sale is diversifying it…

Off loading of Beneteau Yachts  

Beneteau Yachts Offloading in Port Everglades Florida

Most people have no idea how big boats get from on…

Downtown Fort Lauderdale  

Denison Crew and Triton Networking Event February 3

Please join Denison Crew and The Triton at our ne…

Yachts Miami Beach Show  

Yachts Miami Beach VIP Boat Show Details Released

Yachts Miami Beach is two weeks away and new deta…

Seattle Boat Show at Lake Union  

Seattle Boat Show Open This Week

The Seattle Boat Show is the West Coast’s Larg…

Trawlerfest Riviera Beach  

Trawlerfest Opens Today in Riviera Beach

TrawlerFests events showcase the nation’s b…

Atlantic-City-Hero  

Atlantic City Boat Show Starts February 3

JOIN US AT THE ATLANTIC CITY BOAT SHOW: BOOTH 454…

Beach Dining  

The 10 Best Locations for a Gourmet-Themed Yacht Charter

A yacht charter is always a gourmet experience-…

Stuart Boat Show  

Stuart Boat Show Opens Friday on Treasure Coast

The 42nd annual Stuart Boat Show will be in town J…

Yacht Sales Report  

December Yacht Sales Report

The year ended with U.S. yacht brokers in nearly…

Site Archives

 
- -