Florida has long been one of the world’s most important yachting destinations, with year-round boating weather, major marine service centers, experienced brokers, skilled crews, and extensive marina infrastructure. For many yacht buyers, however, one financial feature stands out: Florida’s sales and use tax cap on vessels - the florida yacht sales tax cap.Under Florida law, the sales and use tax due on the purchase or use of a vessel is generally capped at $18,000. F [...]
