Sales Tax question
 

I live in Illinois and I am considering looking at a boat in Missouri. It is being sold by a business that lists themselves as Marine brokerage and consignments. Would I have to pay a sales tax if I buy a boat there??? I am hoping the answer is no. It would add alot to the bottom line and possibly kill the deal. Any guesses anybody ??

I forgot to add that this is a used boat. And it is documented.

Re: Sales Tax question
 

Sales tax laws vary from state to state... California used to have a 90 day period... If you didn't bring the item you purchased into the state for 90 days... you didn't have to pay sales tax... That loophole was just closed... now... it's one year... There used to be a harbor in Mexico that was called 90 day harbor... because new boats destined for California were delivered there... they stayed for 90 days.. then brought into the country without having to pay the sales tax.. It is now one year. Plus... if you register a boat trailer in California... they then want to know the value of the boat that sits on it... so they get you one way or another...... :(

Re: Sales Tax question
 

Big,

You will have to pay sales tax in Illinois on the purchase price of the boat. It's been a while since in IL but in WI, when purchasing a used boat from a private sale, you fill out the forms. Read between the lines I guess...not that I've done it...but plenty of friends have.

Re: Sales Tax question
 

here in Jersey if you live out of state and purchase here in Jersey then you pay sales tax in your state when you register, same goes if i purchase out of state, i have to pay Jersey sales tax when i register

Re: Sales Tax question
 

Here in the land of southern engineering it's a little different.

ANY used boat, or a boat the has been tagged, has no sales tax on it at all. Regardless if it was purchased in or out of state.

All new boats have sales tax on them. This is paid at the revenue office when tagging the boat.

Buck

Re: Sales Tax question
 

dude, its simple just get the owner of the boat to give a second reciept for like 8 g's and have it say no motors and haul damage, the people at motor vehicle have no idea what these things cost and will never check.

Re: Sales Tax question
 

Your going to pay when you register the boat..you will be paying,in jersey they go by some bs book,if they think you did not pay enough they will give you a demand notice then you have to produce a reciept to match what ever you wrote down at motor vehicle ....they do check here though .

Re: Sales Tax question
 

Since you are in Illinois they will Tax you when you register 6.25%. Here is another kicker. Before September 1st of this year if you bought a used or brokered boat you did not pay sales tax. After September 1st you pay sales tax on the boat only. You can hide some cost in the trailer. No matter what you will now have to pay Sales Tax. Thanks Illinois.

Re: Sales Tax question
 

If you buy from a private party in Illinois you pay no sales tax.

Re: Sales Tax question
 

Well I called the broker and he stated no sales tax. UH OH Now I guess I have to call the bank and get a loan going.

Anybody lookin for a fast, clean 24 Outlaw ???

Send them my way !!!

Re: Sales Tax question
 

I live in Illinois and have purchased boats in Wisconsin. Don't have to pay any sales tax in Wisconsin, but have to pay Illinois sales tax when you go to get boat registered in Illinois at Dept. of Conservation. Conservaation will ask for proof of sales tax paid before you can get sticker for boat. I had to go to Secy of State office to pay sales tax on boat and trailer before I could get plates for trailer and sticker for boat. Sorry...

Re: Sales Tax question
 

Clean Sweep has it right for Illinois. In some states if the boat is Documented, state registration is not required. In Illinois if the boat is Federally Documented you do not have to display the registration numbers but you do have to show the registration sticker.

Re: Sales Tax question
 

YOu have to pay tax

Re: Sales Tax question
 

Tennessee requires proof of paying TN sales tax at the time of registration. You don't pay it in the state in which it was purchased.

There are some states that do not require sales tax to be paid in order to register a boat (Delaware comes to mind). I see big ticket boats with Delaware registrations all the time. Supposedly it is easy to create a LLC in Delaware and let the LLC own the boat and register it there. I know several who have done this.

All of my Tennessee boats are registered in Tennessee and sales tax was paid on them. It's usually better to play by the rules.

Re: Sales Tax question
 

In the right State, playing by the rules means paying no sales tax. You just need to make sure you understand the rules. Tax evasion is not a nice thing to deal with.