I understand the Boating industry is just recovering but,... 60' - 90" Luxury Yachts are not going to be a low priced item we will see in every driveway. The number of jobs created will be minimal.
So, is it the best use of John Q publics tax (and fee) incentives to help this business bank a larger margin on a big ticket luxury sales item? If not a larger margin it's a lower price (subsidy) to the wealthy end-user.
I would say that if the perspective customer can purchase one of these, they will be able to afford one at a non subsidy level. The company's business plan should not be so thin that it relies on these subsidies either.... that's a recipe for failure.
A subsidy here benefits only the business owner or the end user.
Maybe if they were building popular 18' - 20' fishing boats in high volume with a large production line (and quite a few full time jobs) it might be easier for the tax payer to justify.
