Maryland Lawmakers Considering Luxury Surcharge

     Annapolis, Md. -- Maryland lawmakers are considering a bill that would impose a 1 percent "luxury surcharge" on certain items, including boats costing more than $35,000.

     Also, according to the bill, HB1345, if the taxable price of the item exceeds $90,000, the tax will be $550 plus 2 percent of the amount above $90,000.

    The bill is sponsored by Del. Sheila E. Hixson, D-20-Montgomery, and Del. Heather Mizeur, D-20-Montgomery.

     The bill has been referred to the Rules and Executive Nominations Committee.

     According to a petition against the proposal on Change.org, the bill would “effectively force boaters and would-be buyers of boats to seek another venue in which to enjoy, keep and purchase their boats to avoid these surcharges. Nearby Virginia and Delaware will benefit, while Maryland yacht brokers, dealers, boatyards, marinas and peripheral marine businesses will be negatively impacted or forced out of business."