SailNet Community - View Single Post - State taxes on used boats
View Single Post
  #5  
Old 04-25-2001
hamiam hamiam is offline
Senior Member
 
Join Date: Dec 2000
Posts: 654
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 14
hamiam is on a distinguished road
State taxes on used boats

Sorry, my previous post was not entirely clear. I purchased my boat in MD and had it shipped to RI. I documented the boat with the USCG. The state of RI has no sales tax on boats and, as I keep my boat in RI, I have no issues. Also, I am not required to register my boat with RI because it is documented. Sorry about the confusion. Of coruse one could always register his or her boat in an offshore tax haven like Grand Cayman and avoid any taxation issues.
Reply With Quote Share with Facebook