Village News - Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma

Save the sloophole

 

Last updated 3/6/2008 at Noon



Faced with a $16 billion deficit, both the governor and most Democrats in our legislature decided that it was time to eliminate the loophole that allows purchasers of yachts to avoid paying sales tax by delaying bringing the vessel into the state for 90 days after an out of state purchase.

Fortunately the Republicans stopped this effort when 18 of them left the floor, thus avoiding the need to vote and preventing achievement of the two-thirds majority needed to end the loophole. So you can breathe a sigh of relief when you are ready to purchase your next yacht.

On the other hand, if you t...



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