Luxury tax alert
Tax alertAmendments to the Select Luxury Items Tax Act were enacted on March 26, 2026 that remove the luxury tax on aircraft and vessels, effective November 5, 2025.
Whether you are a private or public organization, your goal is to manage the critical aspects of tax compliance, and achieve the most effective results. At Doane Grant Thornton, we focus on delivering relevant advice, and providing an integrated planning approach to help you fulfill compliance obligations.
By working closely with you, we gain a holistic perspective by putting ourselves in your shoes. This is key to our process, as we’re able to better understand your business needs, cash flow impact, family impact and the impact on your future business growth. Leading with deep technical knowledge on a wide range of complex tax matters, allows us to deliver what’s really important to you: a practical and effective plan.
Amendments to the Select Luxury Items Tax Act were enacted on March 26, 2026 that remove the luxury tax on aircraft and vessels, effective November 5, 2025.
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