Tough times or not, tax break for yachts steams ahead
By Peggy Fikac, The Houston Chronicle
As some lawmakers look high and low for money to ease cutbacks in education and human services, the House Ways and Means Committee has approved a tax break for big yachts.
The committee voted 8-3 Thursday for House Bill 2187, which Rep. John Davis, R-Houston, casts as an effort to preserve the economic activity that goes along with having big yachts purchased and kept here.
Other states — most notably Florida — have limited their yacht taxes and Davis said that means Texas is losing out on sales and service.