Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: bentway	5/3/2011 12:27:56 PM
	1 Recommendation Read Replies (1) of 1572474

Texas House panel approves tax break for yachts By Eric W. Dolan Monday, May 2nd, 2011 -- 11:24 pm rawstory.com A tax break for those who want to buy yachts costing $250,000 or more will be considered by the Texas House of Representatives after Republican state lawmakers passed the legislation in the House Ways and Means Committee on Thursday. The measure, HB 2187, would cap the maximum sales tax the state could collect on the sale of a yacht. It was passed by an 8 to 3 vote along party lines, with Republicans supporting the measure. The tax break comes after Republicans proposed deep cuts to education, nursing homes, and other basic government services. The state has a $27 billion deficit. "With all due respect, sometimes I'm not sure what planet my Republican colleagues live on," said San Antonio Democratic Rep. Mike Villarreal in a statement. "How can they say tax breaks for yachts are a higher priority than supporting our children's classrooms or keeping nursing homes open?" Republican Rep. John Davis, who sponsored the tax break, said it is needed to prevent potential yacht owners from traveling to Florida, which has a similar sales tax cap.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next