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Port of Seattle Tourism Roundtable Jobs, Jobs, Jobs or "How to make one change and yield $29 M for Washington State" Peter Schrappen Director of Government Affairs Northwest Marine Trade Association 1 2011 Study on Economic Impact of Recreational Boats in Washington Key Findings $4.02 billion industry 28,000 marine-related jobs - Average salary is $56,000 Average business size is 11.5 employees 40% technical, highly-skilled The bigger the boat, the more money they spend Visiting boats annually spend $17 M in our waters 2 Boating means business Net Positive Industry Impact on WA State Revenue 2007-9 $70 Million in Taxes and fees generated for Washington economy Minus $54 Million in services provided by the state for recreational boaters $14 Million in Net positive revenue 4 Superyacht Industry Impact 5 Growing numbers of boaters in Washington 6 One Boat's Economic Impact 7 Negative Impact Current Law on Boat Sales 9 Negative Impacts on # of Boatyard Businesses 10 . a .- C ' I rag "It: (71mm muund lhc men y ' 1" $0nywv ' ' "w%ulucaplmc. '1" "' ~ng \ 'I \\Wl', COT" 7 , '3'; "0 4 k "\:3 0 9" ' '1 ' g"?. J ' ," Pbrifber'ni "WE ' ' ' Wt:111 {19 i ' .@O I ' 'L'akeo '_ Cowichah t 4'" oDufc'uf' ' ' $99 . P .33 9 9-0 mm"- . 50km W129'112114 gk IrI"um. 429.1910)'v ,. ' 7 7 The Canadian Challenge: Mooring practices: No payment of import taxes for boats. Can bring your boat into Canada for cruising up to 364 days before the boat needs to return to US waters and clear US customs. The time period provided is up to the discretion of the customs agent - some agents provide a 6 month permit. Once you clear US customs you can return to Canada and start a new time period. Canadian port upgrades: 12 Marine Tourism Bill 13 ftieSeattlemes Opinion Winner of Nine Pulitzer Prizes Home | News | Business&Tech | Sports | Entertainment | Food | Living [ Homes [ Travel | Opinion IN THE NEWS: Female engineering professors 1 Minimum wage boost 1 Book on Bezos | Bellingham riot [ UW football Originally published September 6. 2013 at 5 27 PM | Page modied September 6. 2013 at 5 59 PM Share: Guest: Boost tourism by changing r: recreational-boating tax ' A modest x to our tax code could keep these corporateentity m Comments (19) B E-msil art-ole owned vessels here and allow our state to benet from their a Print economic impact, according to guest columnists Nick Harper and Kristine Lytton. By Nick Hargr and Kristine Lmon Special to The Times WASHINGTON state has inadvertently created a "PREV 1012 NEXT 5 nice little stimulus package for British Columbia, Florida and other ports around the world. That's due in large part to a disproportionate tax that is placed on recreational vessels visiting from out of state that remain in our state for more than 60 days each year. These boats, which are owned by an entity such as an LLC or S corporation, either leave before that 60th day or stay away from our waters Kristine Lytton 0426401780 altogether. Next Steps? What can Ports do to help? 15
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