Excise Taxes on Boats, what do they mean?

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Many are concerned about the excise taxes on boats featured in Bill 32-0005:
(6) Self-propelled vehicles (excluding motor vehicles requiring licensing for highway use) and apparatuses (excluding airplanes), boats, firearms, ammunition and bicycles —10%
(7) All boats, including launches, with or without auxiliary engines or outboard engines—3%
(8) Marine engines excluding outboard motors —3%
On the 14th Feb I spoke with both Senate Vialet and Senate Blyden.
It was clarified by Senator Vialet that these excise taxes on boats were rescinded in 1994 in order to help the industry with the new 6-pax licence. The excise taxes on boats were written back into the VI Code and have been there, unchanged, since 2004.
VIPCA has proposed the following amendments to Bill 32-0005 :
(6) Self-propelled vehicles (excluding motor vehicles requiring licensing for highway use) and apparatuses (excluding airplanes and boats), firearms, ammunition and bicycles —10%
(7) All boats, including launches, with or without auxiliary engines or outboard engines (excluding commercial use)—3%
(8) Marine engines (excluding outboard motors and commercial use)—3%

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