Texas yacht tax break - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Texas yacht tax break

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NewsChannel 10

Texas - The House Ways and Means Committee has approved a tax break for Texans who want to buy yachts.

The proposal would cap the maximum sales tax the state would collect on the sale of a personal boat.

Supporters say the measure is needed because many Texans travel to other states with similar laws to buy their boats.

Democrats say they are outraged at a proposed tax break for a luxury item, at a time when Texas must cut $27 billion in state services.

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