Yacht owners who regularly dock in South Florida should be aware of changes in the law that recently took effect. The Boating Safety Act (BSA) aims to reduce deaths, injuries and damage from boating accidents, which have been on the rise recently. Among the new...
Legislative Updates
A new luxury tax would take a toll on the Canada yacht industry
Canada's luxury boat industry is bracing for the impact of a proposed luxury tax that legislators plan to implement in 2022. The tax would apply to luxury items such as passenger vehicles and private airplanes, but it is the inclusion of yachts and other luxury...
What your company has to know about new CTA reporting obligations
The Corporate Transparency Act came into effect earlier this year. The Act introduces new reporting obligations for companies that qualify as “reporting companies,” as well as steep penalties for failure to complete the required reporting. It is essential that every...
New California regulations may impact yacht-owners
In September, the California legislature passed an update to their laws governing oil spills. This law may create a burden for those sailing in California’s waters. The amendment to the Lempert-Keene-Seastrand Oil Spill Prevention and Response Act came into effect as...