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

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

November Brokerage Sales 2014  

Lower Volume, Higher Prices for U.S. Brokerage in November

After monthly performances generally pacing b…

Puerto Rico Office with Denison Yacht Sales  

Denison Expands to Puerto Rico Through Strategic Partnership

Denison has announced its partnership with Pue…

Cantiere delle Marche Darwin Class 102' - Offered by Denison Yacht Sales  

Cantiere delle Marche Announces Two New Contracts

Cantiere delle Marche has recently announced t…

Gunboat 55  

Cruising World Magazine Announces “Boat of the Year” Winners

Cruising World magazine judges named the Gunbo…

Beneteau Oceanis 60 Sailboat - Denison Yacht Sales  

Beneteau to Debut 60-foot flagship at Miami Strictly Sail Boat Show

Beneteau America will launch its new flagship,…

Sales Drop  

Brokerage Sales Drop in November

After monthly performances that generally lag…

Inmocean – yacht sold by Denison Superyachts with help of Camper  

Denison Broker Alex G. Clarke Sells Sailing Superyacht Inmocean

Alex G. Clarke at Denison Superyachts has rec…

Consumers use of real estate agents remains strong  

Home Buyers More Likely to Use Real Estate Agents

Homebuyers more likely to use real estate age…

yachtCloser  

YachtCloser Unveils New Documentation Service for Industry

YachtCloser has introduced YachtCloser Docum…

MC5 by Beneteau  

Boat Review: Monte Carlo MC5 by Beneteau

Beneteau’s newest design, the MC5, branches…

Creating Value with Clients - Bob Denison  

Denison President Shares 4 Principles to Create Value With Clients

The Question is asked: While the industry broad…

01_beneteau_barracuda_9  

Townsend Bell and the Beneteau Barracuda 9

Townsend Bell is slowing down. He’ll tell any…

Site Archives

- -
Get Email Updates
Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon
For Email Newsletters you can trust