Florida just passed a series of sweeping tax cuts that will save Floridians more than $400 million. It's all part of Republican Gov. Rick Scott's effort to help the average Florida family.
Apparently, the average Florida family spends more than $1 million a year to repair their megayacht.
Buried in the everyday tax breaks of the bill just signed into law—including tax-free purchases of textbooks and gun-club membership fees—is a little-known boon for yacht owners.