- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Sales tax now levied on private boat sales
Posted on 5/11/16 at 1:26 pm
Posted on 5/11/16 at 1:26 pm
This new sales tax law really is a crock of shite
LINK
quote:
The sale of boats and vessels by individual owners is now subject to state sales or use tax, a change that took effect on April 1.
When someone who has bought a boat from a private party goes to register the craft, he/she is going to find that the Department of Revenue requires a copy of a bill of sale and a copy of the previous owner’s registration with the US Coast guard, and/or title registration with the state in which the boat was used.
Actually, that documentation, and a completed Boat Registration Tax Payment Certificate, should be forwarded to LDR first. Once that is done, the owner can proceed to register the road with the Dept. of Wildlife and Fisheries.
If a boat is purchased from an out-of-state dealer and not state and local tax is charged, additional documentation will be necessary before the boat can be registered, including a sales invoice or copy of bill of sale. LDR will collect the state sales tax and provide documentation that it has done so.
LINK
Posted on 5/11/16 at 1:27 pm to xenon16
good. i hate people who buy boats.
Posted on 5/11/16 at 1:37 pm to xenon16
I think the state's goal has always been to make private boat sales as fricking hard as physically possible
Posted on 5/11/16 at 1:39 pm to xenon16
Im not sure that its all new.
i bought a boat from florida and had to pay tax on it in Louisiana.
(That was in 2008)
Are you saying that if you buy a boat thats already in Louisiana you have to pay sales tax on the purchase?
If so, thats complete BS
i bought a boat from florida and had to pay tax on it in Louisiana.
(That was in 2008)
Are you saying that if you buy a boat thats already in Louisiana you have to pay sales tax on the purchase?
If so, thats complete BS
This post was edited on 5/11/16 at 1:40 pm
Posted on 5/11/16 at 1:40 pm to xenon16
If you get a big enough boat, you can register with the Coast Guard and skip LDWF altogether...
Posted on 5/11/16 at 1:51 pm to xenon16
Sold my Xpress 2 weeks ago and they buyer had to pay 4.5% tax when registering it
This post was edited on 5/11/16 at 1:52 pm
Posted on 5/11/16 at 1:52 pm to MoreOrLes
quote:Tax on the boat itself or on the trailer? Used to you paid tax on the value of the trailer in order to get a license tag, and paid a registration fee to LDWF to get boat numbers.
i bought a boat from florida and had to pay tax on it in Louisiana. (That was in 2008)
All I can say is there will be some cheap boats sold from here on out.
This post was edited on 5/11/16 at 1:54 pm
Posted on 5/11/16 at 1:53 pm to SeaPickle
They all get sold for $1 on the paperwork and cash under the table.
Posted on 5/11/16 at 2:02 pm to King of the Sabine
according to the state of La this guy got a hell of a deal on a boat
Posted on 5/11/16 at 2:06 pm to xenon16
While this is total bullshite, they do give you reciprocity on out of state dealer purchases. Example would be if you bought a boat in Florida, when you go to register it in La you will need to pay either 4% or 3.5% depending on which part of Florida the boat was purchased.
What makes it shitty is the state wants to collect the full 10% sales tax on every. single. transfer.
What makes it shitty is the state wants to collect the full 10% sales tax on every. single. transfer.
Posted on 5/11/16 at 2:07 pm to SeaPickle
quote:I wonder how low one can go before they challenge?
according to the state of La this guy got a hell of a deal on a boat
Posted on 5/11/16 at 2:16 pm to wickowick
quote:
If you get a big enough boat, you can register with the Coast Guard and skip LDWF altogether...
'splain?
Posted on 5/11/16 at 2:22 pm to AlxTgr
quote:
I wonder how low one can go before they challenge?
$0 if you tell the notary you're giving it away.
Posted on 5/11/16 at 2:38 pm to AlxTgr
quote:
How low can you go
I bet they use a blue book type value like the DMV does
This post was edited on 5/11/16 at 2:39 pm
Posted on 5/11/16 at 2:42 pm to Mung
No blue book values for a lot of manufacturers.
Posted on 5/11/16 at 2:44 pm to Mung
quote:So when did they quit the "honor system"? Last truck I bought was in 2011 and the DMV lady asked me what I paid.
I bet they use a blue book type value like the DMV does
Posted on 5/11/16 at 3:02 pm to White Bear
There has never been an honor system, you just got lucky. Sales tax is always collected on the full sale amount. Obviously you can fudge those numbers a little bit but only to a certain extent. Another thing you can do is tell the notary that you are giving your car away, both the buy and seller will sign this and you will take that to the DMV with the title.
Posted on 5/11/16 at 3:18 pm to Barf
DMV has forms for both donation and manual gift of a movable on their site.
Posted on 5/11/16 at 3:55 pm to xenon16
quote:
Sales tax now levied on private boat sales
Do you not pay sales tax when you buy a car private party?
Posted on 5/11/16 at 4:02 pm to JamalSanders
This has been around for awhile. I bought a bass pontoon boat from academy and it was a complete act of congress to et it registered. a $500 piece of plastic with no motor cant float without it either. Ridiculous
Popular
Back to top
Follow TigerDroppings for LSU Football News