Don't know about the reporting, but my excise/use tax on my boat is less than you're paying in registration fees.
Originally Posted by Minnewaska
But Mass does have use taxes, which may be why they don't bother with the nickle and dime registration fees. Let's face it, registration is simply about collecting a fee for the state. I was told that Mass marinas are required to report all vessel on their moorings or slips for two or more weeks. Is that true?
I did not have to pay sales tax in RI, since they have none on boats. I do pay $300 per year in registration fees instead. Of course, it will be roughly 100 years before that breaks even.
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You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.
—Cpt. Mal Reynolds, Serenity (edited)
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