Click for McKinna
Click for Trinity
Click for DeAngelo
Click for Cape Scott
Click for Burger
Click for Alexseal
Go Back   YachtForums.Com > GENERAL YACHTING DISCUSSION > General Yachting Discussion > Sales Tax

Login to YachtForums
Username
Password

Reply

Sales Tax

 
 
LinkBack Thread Tools Rate Thread Display Modes
Old 03-06-2011, 10:21 AM   #1 (permalink)
Registered User
 
Join Date: May 2009
Location: Annapolis MD
Posts: 2
Sales Tax

I read somewhere that you don't have to pay Florida Sales Tax as long as you remove the vessel from Florida within 6 months. Any truth to that?

Thx
Rj
RjDaley is offline   Reply With Quote
Old 03-06-2011, 01:10 PM   #2 (permalink)
Senior Member
 
NYCAP123's Avatar
 
Join Date: Mar 2008
Location: Long Island, NY
Posts: 6,490
You'll be paying it somewhere and Florida recently enacted some good tax caps.
NYCAP123 is offline   Reply With Quote
Old 03-06-2011, 03:53 PM   #3 (permalink)
YF Historian
 
SeaEric's Avatar
 
Join Date: Jan 2007
Location: Easton, Md./Ft. Lauderdale
Posts: 869
If you buy a boat in Florida, your broker can sell you a sticker to allow you to cruise for 90 days without paying Florida tax, if you plan to leave the state. You should pay the tax in a timely fashion in the state where you plan to keep the boat. Most states have reciprocity, so you will only have to pay once.
SeaEric is offline   Reply With Quote
Old 03-06-2011, 05:14 PM   #4 (permalink)
JWY
Senior Member
 
Join Date: Feb 2004
Location: Ft. Lauderdale
Posts: 524
If you buy a boat in the state of Florida from a licensed yacht broker, and you do not own property in Florida nor are an officer of a Fl. Corp., then you can stay in the state for 90 days on a 90 day Sales Tax Exemption decal. You can elect to purchase a decal through your broker for an additional 90 days for a total of 180 days after purchase without paying sales tax. Yes, Florida legislators recently passed a yacht sales and use tax cap of $18,000.

Judy
JWY is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not 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 Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are EST. The time now is 01:31 AM.

Click for Walker
Click for Garcia
Click for Lurssen
Click for Dockwise
Click for McConaghy
Click for Ferretti


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2013, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.3.2