Velvet
by Big Bore. 05/01/24 11:16 PM
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Re: Boat Sales Tax
[Re: Ben2]
#3266197
11/15/20 10:06 AM
11/15/20 10:06 AM
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Joined: Nov 2011
Posts: 21,785 USA
Remington270
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 21,785
USA
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You likely get to pay both. That’s not how cars work, is it?
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Re: Boat Sales Tax
[Re: toothdoc]
#3266258
11/15/20 11:15 AM
11/15/20 11:15 AM
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Joined: Nov 2011
Posts: 10,541
abolt300
Booner
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Booner
Joined: Nov 2011
Posts: 10,541
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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.
Last edited by abolt300; 11/15/20 11:18 AM.
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Re: Boat Sales Tax
[Re: abolt300]
#3266269
11/15/20 11:31 AM
11/15/20 11:31 AM
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Joined: Jun 2014
Posts: 4,259 Jasper Al
eclipse829
10 point
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10 point
Joined: Jun 2014
Posts: 4,259
Jasper Al
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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. I don't remember the rates. What I do remember is I signed an affidavit not to pay the Tn tax rate, which was higher than the Alabama tax rate. The difference was several hundred dollars Maybe the affidavit was my promise to register and be taxed in Alabama?
Last edited by eclipse829; 11/15/20 11:32 AM.
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Re: Boat Sales Tax
[Re: DryFire]
#3266289
11/15/20 11:58 AM
11/15/20 11:58 AM
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Joined: Jan 2016
Posts: 1,660 Opelika Al
Madmax0818
8 point
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8 point
Joined: Jan 2016
Posts: 1,660
Opelika Al
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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
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Re: Boat Sales Tax
[Re: eclipse829]
#3266302
11/15/20 12:33 PM
11/15/20 12:33 PM
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Joined: Nov 2011
Posts: 10,541
abolt300
Booner
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Booner
Joined: Nov 2011
Posts: 10,541
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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. I don't remember the rates. What I do remember is I signed an affidavit not to pay the Tn tax rate, which was higher than the Alabama tax rate. The difference was several hundred dollars Maybe the affidavit was my promise to register and be taxed in Alabama? That’s exactly what you signed. You were basically attesting that the boat was leaving the state of TN and you would take care of the taxes at time of registration in your home state.
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Re: Boat Sales Tax
[Re: Madmax0818]
#3266305
11/15/20 12:40 PM
11/15/20 12:40 PM
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Joined: Nov 2011
Posts: 10,541
abolt300
Booner
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Booner
Joined: Nov 2011
Posts: 10,541
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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 In FL they will bust your azz for that. They have a program that compares stated bill of sale values with KBB and pricing sites and if you bought a car or boat worth $50k, and you say on the bill of sale that you bought it for $10k, both the seller and buyer get a nice letter from “the man” telling you that the transaction may be investigated and asking you to attest in writing under penalty of both fraud and perjury that you did indeed sell or buy it for $10k. Both parties are required to sign the letter and return it to the state. I got a buddy that almost got his butt in a pretty big sling over that 3 yrs ago. You’d better be careful about doing that and especially admitting to it on a public forum.
Last edited by abolt300; 11/15/20 12:44 PM.
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Re: Boat Sales Tax
[Re: Madmax0818]
#3266326
11/15/20 01:14 PM
11/15/20 01:14 PM
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Joined: Jan 2005
Posts: 33,437 Your mom’s house
doekiller
Freak of Nature
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Freak of Nature
Joined: Jan 2005
Posts: 33,437
Your mom’s house
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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.
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Re: Boat Sales Tax
[Re: doekiller]
#3266333
11/15/20 01:24 PM
11/15/20 01:24 PM
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Joined: Dec 2009
Posts: 9,519 Trussville
toothdoc
OP
14 point
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OP
14 point
Joined: Dec 2009
Posts: 9,519
Trussville
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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 openly admit it online?
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Re: Boat Sales Tax
[Re: toothdoc]
#3266347
11/15/20 01:42 PM
11/15/20 01:42 PM
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Joined: Jun 2015
Posts: 14,029 Some Marriott/Auburn
AU7MM08
Booner
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Booner
Joined: Jun 2015
Posts: 14,029
Some Marriott/Auburn
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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 openly admit it online? He just means he reported the value of the boat greater than what he paid because he got such a great deal.
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Re: Boat Sales Tax
[Re: toothdoc]
#3266357
11/15/20 02:02 PM
11/15/20 02:02 PM
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Joined: Aug 2003
Posts: 3,995 pensacola,fl
dagwood
10 point
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10 point
Joined: Aug 2003
Posts: 3,995
pensacola,fl
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You only register and tax the boat. Get a separate bill of sale for the motor and you don't pay tax on it.
jmlane
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Re: Boat Sales Tax
[Re: doekiller]
#3266381
11/15/20 02:40 PM
11/15/20 02:40 PM
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Joined: Dec 2019
Posts: 842 leeds,al
bojo
6 point
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6 point
Joined: Dec 2019
Posts: 842
leeds,al
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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. The democrats do so it must be okay for all.
"Life is 10 percent what happens to you and 90 percent how you react to it."
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Re: Boat Sales Tax
[Re: toothdoc]
#3266392
11/15/20 02:45 PM
11/15/20 02:45 PM
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Joined: Jul 2011
Posts: 39,449 Marshall County
FurFlyin
Freak of Nature
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Freak of Nature
Joined: Jul 2011
Posts: 39,449
Marshall County
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I don't know about with boats and such but when we sell trailers out of state the buyer signs and gets the original copy of a "drive off" form. It's just a form that says they didn't pay taxes in the state of AL, and will pay them in their state. Not sure if that happens with boats. I can assure you that when you register the boat in AL for the first time, you're gonna pay tax. Just did that this week. It stung a little.
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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Re: Boat Sales Tax
[Re: DryFire]
#3266393
11/15/20 02:47 PM
11/15/20 02:47 PM
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Joined: Nov 2019
Posts: 948 MONTICELLO
Jason Carroll
6 point
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6 point
Joined: Nov 2019
Posts: 948
MONTICELLO
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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. Along with the other post about getting a light bar for free, I'm sure this is regular behavior.......
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