Congress last week repealed a tax on luxury boats. The tax, approved in 1990 as

Authors

Source

Portland Press Herald

Date

8-10-1993

Pages

1C

Abstract

Congress last week repealed a tax on luxury boats. The tax, approved in 1990 as part of a deficit reduction effort, was expected to raise $3 million in taxes. In fact, the government lost an estimated $15 million when boat customers decided to spend their money on other things. The slump in boatbuilding is believed to have cost about 600 jobs in Maine. Those jobs are now expected to return. Details.

Subjects

Taxation Excise tax

Recommended Citation

"Congress last week repealed a tax on luxury boats. The tax, approved in 1990 as" (1993). Maine News Index – Portland Press Herald. 3416.
https://digitalcommons.portlandlibrary.com/news_pph/3416