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NJ Senate Passes Chris Christie Plan To Slash Sales Tax On Yachts

TRENTON, N.J. (CBSNewYork/AP) -- The New Jersey Senate approved Gov. Chris Christie's proposal to give potential boat buyers a 50 percent break on the sales tax.

The Democrat-led Senate voted 37-1 Thursday in favor of the proposal, with one Democrat opposed.

Sen. Shirley Turner, D-Ewing Township, called the measure unfair and said it does nothing to help lower-income residents.

Sen. Jeff Van Drew, D-Cape May, said, however, that is exactly who the measure will help, citing mechanics and marinas that would benefit from the bill.

Christie proposed slashing the 7 percent sales tax by half after vetoing an earlier proposal that would have capped the tax at $20,000.

That measure would have provided relief on boats that cost more than $285,000.

The National Marine Manufacturers Association says such high-priced boats were only a fraction of the $160 million in new boat sales made in the state last year.

(TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2015 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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