Weekly 5: Illinois, Hawaii ponder more boating regs
The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.
1. Illinois, Hawaii ponder more boating regs
Lawmakers in Illinois are considering three bills in an attempt to make the state’s waters safer.
The first would tie boating under the influence to driving by suspending the driver’s license of anyone convicted. The second requires anyone born after Jan. 1, 1990, to complete a boating safety class and receive a state certificate before they could operate a watercraft. The final bill proposes requiring boats towing a person (skiing, wakeboarding, tubing, etc.) to display an orange flag.
Hawaii regulators have proposed several changes that would affect those who rent boats and other commercial operations, including an increase in fees and new rules on insurance.
2. Michigan boat buyers could get tax break
Michigan residents who buy boats (or cars or RVs) could end up paying less sales tax under bills in front of the state legislature there.
Under current Michigan law, when a buyer trades in a boat, they pay sales tax on the entire purchase of the new boat. Under the proposal, they would not pay tax on the portion covered by the trade-in. For example, if someone buys a $40,000 boat, and gets $15,000 in trade-in on their used boat, they’d only pay tax on the $25,000 difference, not the entire $40,000.
The bills are expected to get a vote this week.
3. Are Great Lakes water levels up or down?
It all depends on how you look at it, says the Center for Michigan.
High amounts of rain from April to August have helped lake levels recover, but in some cases are still off their historic averages. Reduced ice levels, increased evaporation and rising temperatures will probably continue to wreak havoc, researchers said.
4. BoatUS offering “grassroots” grants
The BoatUS Foundation for Boating Safety and Clean Water is offering grants of up to $10,000 for projects that educate boaters about safe and clean boating.
Interested organizations need to submit applications by January 15 and public voting on the applications will occur in spring 2014.
5. Nurture your millennial stars
Put aside your stereotypes and find ways to engage with and find future leaders in your millennial employees, says this Inc. article.