Tax Guide For Boaters
With the fall boat show buying season just around the corner, those looking to get into boating or trading up will be thinking about how much they can afford. However, an important part of the boat buying budget are taxes, and to help those folks understand what taxes apply, Boat Owners Association of The United States (BoatUS) developed a new online State Boating Tax and Registration Guide.
The guide allows boaters to search state-by-state and includes sales taxes, "use" taxes, any credits given on sales taxes for boats purchased in a different state, registration "grace" periods, title information and links to state boating registration and tax departments.
"Boats can be purchased at out-of-state boat shows," said BoatUS Government Affairs Program Coordinator David Kennedy. "And in some states, boaters need to be aware that they may have limited amount of time to register their vessel or face additional taxes. We can help ensure that there won't be any surprises."
Go to www.BoatUS.com/gov/StatetaxRegistration.asp for more.