Call me Ishmael
Join Date: Sep 2007
Thanked 13 Times in 13 Posts
Rep Power: 9
The Tax Thing . . .
I am budgeting for a 10% sales tax / registration / licensing fee depending on where I purchase. I understand that I may not be charged if the state of purchase has an exclusion, but surely some state along the way will make me ante up. I want to make sure I understand the situation going in . . .
My question: once you've paid one state a sales tax or licensing fee, it is credited by al other states, right? In other words, the worst that could happen is that I buy in state X which charges 8% transfer tax on boats and I wind-up spending substantial time in state Y which charges 10% one-time licensing fee or use tax -- I would only owe state Y 2%, right?
Last edited by blowinstink; 01-23-2009 at 08:45 PM.