Join Date: Oct 2011
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Re: Who registered their boat outside their home state?
I was thinking about Trucking companies and the common practice of registering equipment in tax free states like Maine and TN. I was at the marina last week and noticed a few boats from far away that have been there for quite some time. In the past I assumed they were transients, but now I am thinking that the boats are just registered out of state because of CT's high personal property taxes.
Do sailors use tax loopholes like this and what States are the cheapest for Registration/taxes?
Most states require a boat owner to register their boat in the state in which it is kept. (in FL you are permitted to have your boat in the state for 90 days without registering it here). If you notice boats from "far away" you may be looking at the hailing port which does not have to be in the registered state.