By Danielle J. Grucci Butler
Florida Governor Charlie Crist signed the Jobs for Florida Bill into law last April, CS/SB-1752, which contained the Florida Boat Sales and Use Tax Cap.
Effective since July 1, 2010, the maximum tax on the sale or use of a boat is $18,000. The maximum tax of $18,000 per use or sale of a boat in Florida is also applicable to the charter of a boat. The tax cap applies to each individual lease payment, and no lease payment will be subject to tax in excess of $18,000.