I am trying to figure out what is the right/proper way to comply with all the Federal and States (NY & NJ) requirements. I read multiple previous posts/discussions and I am still not sure I have all the correct answers.
This is my situation:
1) I live in NJ
2) I bought a boat (38 ft) last year in October - new from a dealer in NY
3) I am currently keeping the boat at this dealer's marina at the slip - permanent, not transient for this year.
As of now this is what I did:
a) I documented the boat with USCG and will have the "NO...." attached to the hull inside the boat
b) I have a hailing port as "New York, NY"
2) a) I registered the boat with NJ
b) I paid my NJ sales tax as a NJ resident
c) I am going to put the NJ decals at the bow
d) I will NOT put/write the NJ numbers on the bow
But then I started thinking
1) I have a "hailing port" as "New York, NY", which I am thinking should be fine - shouldn't anyhow interfere with the fact that it's registered in NJ - as it was said multiple times here in the forums that Federal and State information are separate.
2) But what about the fact that I am keeping it in NY while it's registered in NJ ?
a) Should I (re)-register it in NY ??? - I am thinking this is something that I may need to do... But than if the next year I take it back to NJ - I would have to re-register it in NJ again ??? What if I take it to CT marina - would I have to re-register it with CT than?
I still live in NJ !!!
b) Will I have to pay NY taxes now (of whatever the difference between NY an NJ sales tax is). Probably not - as again, I am still a resident of NJ.
Can anybody please help me figure it out.
Thanks a lot!