Best Eastern Seaboard State for Sales Tax - SailNet Community
 26Likes
Reply
 
LinkBack Thread Tools
post #1 of 95 Old 01-29-2020 Thread Starter
Junior Member
 
Join Date: Apr 2019
Location: Detroit, Michigan
Posts: 7
Thanks: 12
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Dock
Best Eastern Seaboard State for Sales Tax

So... I purchased a sailboat in Florida at the end of last year and purchased a temporary sales tax exemption at the same time. I have to be out of Florida by early March or face paying $18K in sales tax there. I'm curious if there is an obvious choice for registering my boat in a particular state and paying far less taxes. I'm sailing up the east coast all the way into the Great Lakes this summer and then returning to the Atlantic before the Lakes freeze up next fall and keeping the boat somewhere south of the Chesapeake Bay on a more permanent basis.

Dave
DaveKurtz is offline  
Sponsored Links
Advertisement
 
post #2 of 95 Old 01-29-2020
Senior Member
 
denverd0n's Avatar
 
Join Date: Jun 2008
Location: Tampa, FL
Posts: 1,391
Thanks: 1
Thanked 51 Times in 50 Posts
Rep Power: 12
 
Re: Best Eastern Seaboard State for Sales Tax

It's not as simple as just picking someplace to register the boat. Most states will insist that you register it with them if you stay a specified amount of time (90 days in Florida). At that time they will usually want you to pay sales/use tax, normally with a credit for any sales/use tax you have already paid elsewhere. Many also have a time limit where -- if you have owned and used it for X number of months elsewhere (6 months for Florida) -- you are now exempt from paying any additional sales/use tax. So where the boat ends up spending time is most likely where you are going to have to register it, and pay tax.

I also have to say that Florida into the Great Lakes and back to the Chesapeake, in the time frame you are talking about, is pretty ambitious. That's not going to be a leisurely sail with plenty of time for sight-seeing.

Good luck, whatever you do.
chef2sail likes this.

Last edited by denverd0n; 01-29-2020 at 02:52 PM.
denverd0n is offline  
The Following User Says Thank You to denverd0n For This Useful Post:
DaveKurtz (01-30-2020)
post #3 of 95 Old 01-29-2020
Senior Member
 
Join Date: Jan 2017
Posts: 1,327
Thanks: 116
Thanked 51 Times in 50 Posts
Rep Power: 4
 
Re: Best Eastern Seaboard State for Sales Tax

Give a call to http://amrl.com/attorney/catherine-kent/

will be worth every penny
john61ct is online now  
The Following User Says Thank You to john61ct For This Useful Post:
DaveKurtz (01-30-2020)
 
post #4 of 95 Old 01-29-2020
Senior Member
 
outbound's Avatar
 
Join Date: Dec 2012
Location: NE & Windwards
Posts: 6,967
Thanks: 145
Thanked 212 Times in 202 Posts
Rep Power: 8
 
Document in R.I. Then leave the country. No tax

s/v Hippocampus
Outbound 46
outbound is online now  
The Following 2 Users Say Thank You to outbound For This Useful Post:
DaveKurtz (01-30-2020), skipmac (01-31-2020)
post #5 of 95 Old 01-29-2020
Senior Member
 
contrarian's Avatar
 
Join Date: Sep 2011
Location: Florida Panhandle
Posts: 525
Thanks: 15
Thanked 40 Times in 38 Posts
Rep Power: 9
 
Re: Best Eastern Seaboard State for Sales Tax

Don't know about Virginia but I'm pretty sure that North Carolina, South Carolina and Georgia all have personal property taxes on boats. If you have 18k in Florida Sales Tax, you're personal property tax in other states will be substantial. This needs to be researched thoroughly to find the lowest tax alternative. Maybe those in Virginia and Maryland will chime in. Please update when you have done more in depth research.
contrarian is offline  
The Following User Says Thank You to contrarian For This Useful Post:
DaveKurtz (01-30-2020)
post #6 of 95 Old 01-29-2020
Senior Member
 
Join Date: Aug 2010
Location: The Bahamas
Posts: 4,317
Thanks: 4
Thanked 164 Times in 162 Posts
Rep Power: 10
 
Re: Best Eastern Seaboard State for Sales Tax

Quick answer and knowledge is via...a net search
No reason for chafe
RegisteredUser is online now  
The Following User Says Thank You to RegisteredUser For This Useful Post:
DaveKurtz (01-30-2020)
post #7 of 95 Old 01-29-2020
Junior Member
 
Terry L's Avatar
 
Join Date: Feb 2019
Posts: 25
Thanks: 1
Thanked 1 Time in 1 Post
Rep Power: 0
 
Re: Best Eastern Seaboard State for Sales Tax

Virginia sales tax is 2%. Maryland is 5% with a cap of $15k. If you have your boat in either state for over 90 days you are liable for the sales tax. I donít believe MD has personal property tax on boats under 100 ft. Virginia does, however, there are locations like Colonial Beach and Hampton that have reduced their rate to basically zero. Being on the Potomac, I had a choice of the two states and picked Colonial Beach, VA because it was cheaper (and convenient).
Terry

S/V Kestrel
Catalina 42 MK II
Colonial Beach, Virginia
Terry L is online now  
The Following User Says Thank You to Terry L For This Useful Post:
DaveKurtz (01-30-2020)
post #8 of 95 Old 01-29-2020
Senior Member
 
Join Date: Jan 2017
Posts: 1,327
Thanks: 116
Thanked 51 Times in 50 Posts
Rep Power: 4
 
Re: Best Eastern Seaboard State for Sales Tax

There are states that require you in certain circumstances to "make up the difference" if you mess up the timing.
john61ct is online now  
The Following User Says Thank You to john61ct For This Useful Post:
DaveKurtz (01-30-2020)
post #9 of 95 Old 01-30-2020
H34 'Spirit'
 
Join Date: Oct 2018
Posts: 75
Thanks: 5
Thanked 2 Times in 2 Posts
Rep Power: 2
 
Dock
Re: Best Eastern Seaboard State for Sales Tax

I believe Delaware has no sales tax.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
S/V Spirit
1983 Hunter 34 SD
Shipwright Harbor, Deale, MD
FunkyJunk is online now  
post #10 of 95 Old 01-30-2020
Senior Member
 
Join Date: Jan 2017
Posts: 1,327
Thanks: 116
Thanked 51 Times in 50 Posts
Rep Power: 4
 
Re: Best Eastern Seaboard State for Sales Tax

Watch out some get you on a "use tax"
john61ct is online now  
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome