Maryland bill would add boat luxury tax

Published online: Mar 14, 2012 News

Maryland House Bill 1345, sponsored by Ways and Means Committee Chair Sheila Hixson (D-Montgomery) and Delegate Heather R. Mizeur (D-Montgomery), would add a 1-percent luxury surtax to the state sales and use tax on motor vehicles, boats and planes with a prince greater than $35,000.

For vehicles, boats and planes with a price of more than $90,000, the surtax would be $550 plus 2 percent of the amount above $90,000.

To see the complete bill, click here: House Bill 1345

A petition is circulating on to oppose the bill, which it says will have significant negative ramifications on the marine industry in Maryland.