Sales tax cap on pricey boats could boost sales in NJ

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When the New Jersey state Senate returns to Trenton for a voting session later this month, it will consider a proposal that could end up providing a big tax break to those planning to buy a boat in New Jersey.

The vote will be the latest step in an ongoing effort to boost boat sales that began earlier this year when lawmakers sent Gov. Chris Christie a bill seeking to cap the sales and use tax levied on yachts and other pricey boats purchased in New Jersey at $20,000.

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