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Re: Boat Sales Tax
[Re: abolt300]
#3266580
11/15/20 08:06 PM
11/15/20 08:06 PM
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Joined: Oct 2014
Posts: 4,035
Guntersville
klay
10 point
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10 point
Joined: Oct 2014
Posts: 4,035
Guntersville
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You pay the tax rate for the state where the boat will be domiciled. Eclipse, you cannot pick which state you pay sales tax in. If the boat is going to be staying in Alabama, you pay AL tax rate. The hundreds of dollars difference was going to be the city and county taxes that you were going to have to pay when you registered it in your home state that the other state was not authorized to collect. Example. My sales tax is 6.5%. 6% state and 0.50% county. If I buy a boat in TN, I can elect to not pay the tax in TN and just pay the full 6.5% when I get the boat home and register it. Or, I can pay the 6% FL tax rate on the sale in TN and TN will remit those monies to FL on my behalf, and then I pay the Remaining 0.50% county tax here at home when I register the boat. The sales tax is the same either way. Only time there could be a difference is on non registered/non tagged assets like 4 wheelers. He's correct. Tax in Alabama is only like 2.5 or 3.5 percent. Don't remember exactly because i usually register 2 or 3 at a time.
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Re: Boat Sales Tax
[Re: mackdaddy]
#3266792
11/16/20 08:14 AM
11/16/20 08:14 AM
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Joined: Nov 2019
Posts: 949
MONTICELLO
Jason Carroll
6 point
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6 point
Joined: Nov 2019
Posts: 949
MONTICELLO
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I bought a used boat one time when I went to register it I had to pay almost $2000 You buy a yacht?
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Re: Boat Sales Tax
[Re: doekiller]
#3266819
11/16/20 09:12 AM
11/16/20 09:12 AM
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Joined: Feb 2015
Posts: 7,217
Meridianville
DryFire
14 point
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14 point
Joined: Feb 2015
Posts: 7,217
Meridianville
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This is why I bought a used boat from a individual. What I paid and what I reported are two different numbers. X2 smart man So it is okay to break the laws you don’t agree with. And you always drive the speed limit? I already have too much money stolen from me by the government. I'll take a small victory any day.
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Re: Boat Sales Tax
[Re: DryFire]
#3266882
11/16/20 10:42 AM
11/16/20 10:42 AM
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Joined: Jul 2011
Posts: 39,451
Marshall County
FurFlyin
Freak of Nature
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Freak of Nature
Joined: Jul 2011
Posts: 39,451
Marshall County
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This is why I bought a used boat from a individual. What I paid and what I reported are two different numbers. X2 smart man So it is okay to break the laws you don’t agree with. And you always drive the speed limit? I already have too much money stolen from me by the government. I'll take a small victory any day. I'm on your side TN
If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then will I hear from heaven and will forgive their sin and will heal their land. 2 Chronicles 7:14
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