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Explanation of Taxes On Annual Fees

 

 

Question:  What are the 2 separate taxes on my bill this year?
Answer:  The State of CT has two taxes it levies on Boat & Yacht Clubs, Sales Tax 6.35%, and
                Membership Tax 10%.  Both these taxes apply to moorings & racks rental fees,
                lockers are exempt from the 10% Membership Tax.  Please click on the link below
                for further details.  Dues Tax pdf