Twin Vee Powercats Co. (NASDAQ:VEEE) announced that qualified buyers of its powerboats can now claim a 100 % first‑year depreciation deduction under the federal “Big Beautiful Bill” for vessels used 50 % or more for business purposes. The provision allows owners of new or used boats to write off the entire purchase price in the first year, potentially reducing taxable income by the full cost of the vessel.
The tax benefit is positioned to accelerate demand for Twin Vee’s 24‑ to 40‑foot models, which the company markets to charter operators, fishing guides, and marine service firms. By offering a full‑year write‑off, Twin Vee aims to lower the effective cost of ownership for commercial buyers, making its boats more competitive against rivals and expanding its market share in the business‑use segment.
CEO Joseph Visconti said the incentive “is one of the strongest financial tools available to boat buyers in the modern market. A qualifying buyer can purchase a Twin Vee and legally deduct the entire cost in the first year. For many business owners, that changes the entire affordability equation.” The statement underscores the company’s intent to leverage the new law to drive sales growth.
In the third quarter of 2025, Twin Vee reported net sales of $3.43 million, up 18 % from the same period a year earlier, while the net loss narrowed to $2.76 million. Gross margin improved to a 9.6 % operating margin, up from 2.7 % YoY, reflecting tighter cost control and a favorable product mix. The company’s turnaround strategy—focused on dealer network expansion, cost‑reduction initiatives, and strategic acquisitions such as Bahama Boat Works—has positioned it to capitalize on the tax benefit.
The announcement aligns with Twin Vee’s broader effort to strengthen its financial footing and accelerate growth in the commercial boating market. By combining a favorable tax environment with its improving operational metrics, the company signals confidence in sustaining momentum in the coming quarters.
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