Join Date: Apr 2006
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Re: Tax for USA bound boat?
You are not paying "tax" you are paying import duty or tariff to the Fed. You pay that if you bring the foreign-made boat into the US, even for the afternoon, unless there's some exemption you can find.
"Tax" would be due to the state where the vessel was documented, regardless of where the purchase was made. That state's tax authorities will have gotten the federal documentation information in most cases, and sent you a bill as soon as they did. Leaving you to prove that you were not liable for sales or use tax on the purchase.
Whether sales of use tax was due, or will be due, varies with each state. If it was due, it may now be due with penalties and interest. Again depending on the state.
So you'll need to do some research based on what your documentation port was, what your residency was, and what you residency is going to be when you bring it in.
Yes, you can be looking at 8% sales or use tax, now with multiple years of compounded interest and penalties that easily exceed the tax amount. It all depends on what those tax venues were and will be. And if you stay in any state for typically 90 days or longer? You'll often be required to register in in that state as well, and sometimes pay sales or use tax at that time.
Again, "it depends". You'll need to make very specific inquiries and plans.