Iowa and TX both have to pay taxes to reguardless of CG documentation. I run numbers just to avoid the water Gestapo. No way to avoid the taxation man.
Yep, MI still knicks you for taxes and registration if CG documented as well.
I don't see any advantage to it here. Mine is registered ( I need to actually transfer or remove it) and I can't find any benefit at all. I put the numbers on the front to avoid any hassles anyways.
Seems its not worth the hassle, I thought the DNR was pretty clear on their site thou :
http://dnr.state.il.us/admin/boats.htmSTATE LAW REQUIRES THAT THE PURCHASER OF A WATERCRAFT SHALL, WITHIN 15 DAYS AFTER PURCHASE, MAKE APPLICATION TO THE DEPARTMENT FOR REGISTRATION/TITLING.
Watercraft exempted from registration and titling: Watercraft shall not be required to be registered and titled under this Act if it is:
1. A watercraft which has a valid marine document issued by the United States Coast Guard, EXCEPT THAT any such documented vessel used upon the waters of this State for more than 60 days in any calendar year shall be registered in compliance with this Act.
2. Already covered by a number in full force and effect from another state, if such boat will not be within this State for a period in excess of 60 consecutive days.
3. A sailboard.
4. A watercraft from a country other than the United States temporarily using the waters of the State.
5. A watercraft owned by the United States, a state or subdivision thereof, used solely for official purposes, and clearly identifiable.
I spoke with the DNR today and they told me it still has to be registered even with C.G. documentation.. thats the opposite what the above states.. Coast Guard told me today once I register with them I need to surrender my title to my state since documented boats are not titled. Without title and registration theres is no tax IMOP. Lots of misinformation. I can`t get a consensus
As far as the 60 days, who is going to know the boat is here 60 days here unless they post someone at my house.
Last edited by ICDEDPPL; 07-15-2009 at 05:36 PM.
1. Form a Delaware Corporation (No sales tax in Del.)
2. Put the boat in the Corp. name.
3. Document your boat with the Coast Guard as I did.
4. Many states, like Florida, have laws that let you keep your "out of state" boat in the state as long as it's listed with a licensed yacht/ ship broker as mine is.
In Missouri you pay an "In-lieu watercraft tax for documented vessels". I documented by 292 when purchased new in 2005. The in-lieu tax was $2000, much less than what sales tax would have been. No need for numbers on the outside of the hull, just a registration sticker. Water patrol around here understand and I have not been questioned once.
Missouri DOES have personal property tax, and that just sux anyway you look at it...
Anyone register with the USCG in MO, does it help any or is it just a myth
Here is what Missouri expects
Registration and Processing Fees
•Outboard Motors - $2 registration plus $3.50 processing fee.
•Boat/vessel - determined by the length of the boat/vessel.
Length of Boat/Vessel Fees Processing Fee
Under 16 feet $25 $3.50
16 feet but less than 26 feet $55 $3.50
26 feet but less than 40 feet $100 $3.50
40 feet and over $150 $3.50
Title and Processing Fees
•Outboard Motors - $5 titling plus $2.50 processing fee
•Homemade boat/vessel that is at least 16 feet but less than 28 feet in length, made out of wood, and has a beam of five feet or less - $55 registration plus $3.50 processing fee
•Vessel - $7.50 titling and $2.50 processing fee, plus a $3.50 processing fee for a Missouri registration number ("MO" number) if one has not been previously issued.
Documented Vessel "In-Lieu" Boat/Vessel Tax
PURCHASE PRICE OF BOAT/VESSEL TAX DUE
Less than $15,000 $500
$15,001 to $30,000 $650
$30,001 to $50,000 $1,000
$50,001 to $100,000 $1,400
$100,001 to $150,000 $2,000
$150,001 to $200,000 $3,000
$200,001 to $250,000 $4,000
$250,001 to $300,000 $5,000
$300,001 to $350,000 $5,500
$350,001 to $400,000 $6,000
$400,001 to $450,000 $6,500
$450,001 to $500,000 $7,500
$500,001 to $550,000 $8,500
$550,001 to $650,000 $9,500
$650,001 to $750,000 $10,500
$750,001 and above Add an additional $1,500
for each $100,000 increment.
Document boat with a La. port ... no sales tax in La. on used boats.
Common practice in the South.
May have to pay the state you live in Reg. Sticker fee.
Tx. I believe is like $36 a year or for 2yr. sticker.
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