BoatUS: Boaters Stand to Gain With Government's Recognition of the Outdoor Industry
It’s no surprise that the industries that produce the most goods or services and keep the economy humming often receive favorable attention from legislators in Washington. Now with the Department of Commerce’s Bureau of Economic Analysis (BEA) February announcement that the outdoor recreation industry’s 2016 annual gross output is 2 percent ($373.7 billion) of the US gross domestic product (GDP), Boat Owners Association of The United States (BoatUS) believes boaters stand to gain from the news.
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BoatUS: Tax Provisions for Boats Extended
The new Tax Cut and Jobs Act reduces the previous $1 million second-home mortgage deduction limit to $750,000. “Most new boats sell for far below this new cap, so we don’t think that will have much impact on the average boat buyer,” said BoatUS Manager of Government Affairs David Kennedy.
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Protecting Central New York's Waters
Over the last 3 years, HABs have threatened drinking water from Owasco, Skaneateles and Cayuga Lakes and forced the closure of over 100 beaches around the state for at least part of the summer, potentially impacting communities with the loss of critical tourism revenue.
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For the first time, federal government recognizes outdoor recreation as part of GDP
The Outdoor Recreation Roundtable (ORR), and NMMA, one of the leading organizations in the group, applauded the release of the first-ever government report recognizing the outdoor recreation industry as a significant economic contributor to the U.S. Gross Domestic Product
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Canals face another shortened season, offering millions for new vision ideas
With its historic canal system facing another abbreviated boating season this year, the state is offering $2.5 million for outside ideas on how the canals can attract more business and tourism.
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New York DEC Weekly Updates and Invasive Species Information
REGIONAL HARMFUL ALGAL BLOOM SUMMITS ANNOUNCED
Governor Andrew M. Cuomo announced the dates and locations of four regional summits supporting the state's comprehensive effort to protect vulnerable lakes and waterbodies in Upstate New York from harmful algal blooms (HABs). The summits are part of the $65 million four-point initiative unveiled in the Governor's 2018 State of the State to aggressively combat HABs.
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