Sales tax now levied on private boat sales

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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.

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