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Illinois boat registration and tax

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Old 08-01-2003, 03:41 PM
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pb
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Default Illinois boat registration and tax

Do I pay sales tax on a used boat I purchased out of state when I register it in Illinois.

What is USCG documentaion and do I need it?

The boat is a 25' Sunsation Aggressor.

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Paul
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Old 08-01-2003, 04:07 PM
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Pb

I believe if you boat the boat from an individual regardless of what state it was in, you will not have to pay sales tax on it. Now if you bought it from a dealer out of state, you will have to pay taxes. Luckily with IL it is just a one time up front fee and stickers are good for 3 yrs. In KY, they personal property tax on the boat to get their sticker every year.

As far as documentation goes, I don't know that much about it other than there are minimum size limits.

That is the way it worked on jet skis when I bought some a year ago. I believe it applies to boats also. When I bought my ATV I made sure to buy it out of state to avoid paying sales tax since they do not have to be registered.

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Old 08-01-2003, 04:07 PM
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I see where you are trying to go with this. You're hoping to document the vessel and get out of paying sales tax. I have the same issues, only I got mine in Illinois.

Technically the answer to the question is no. It doesn't work that way, nor is it that easy. It will depend on many things.

The selling state doesn't care about state sales tax.

1. your boat needs to be 5 net tons. A 25' Sunsation may not be large enough to document.

2. Has you boat been titled in the past? Documented?
If it has never been titled you will have an easier time.

3. Did you finance the boat or pay cash? Your lender will file the lein with the state. The state will make sure they get their cut.

Last edited by 29Fever; 08-01-2003 at 04:10 PM.
 
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Old 08-01-2003, 04:31 PM
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Ok,
I did some more digging and called the IL Dept of Revenue.

No sales tax on a boat bought out of state from a private owner. Sales tax only applies to boats bought from dealer, bank, or manufacturer.

Only cost is registration.

Thanks for the input.

Paul
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Old 08-01-2003, 04:37 PM
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Paul,

That doesn't make sense to me, but I'm glad it works out for you.
 
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