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New online tax guide for boaters

An important part of the boat buying budget are taxes, and to help buyers understand what taxes apply, BoatU.S. developed a new online State Boating Tax and Registration Guide.

The guide allows boaters to search state-by-state and includes sales taxes, "use" taxes, any credits given on sales taxes for boats purchased in a different state, registration "grace" periods, title information and links to state boating registration and tax departments.

"Boats can be purchased at out-of-state boat shows," BoatU.S. government affairs program coordinator David Kennedy said. "And in some states, boaters need to be aware that they may have limited amount of time to register their vessel or face additional taxes. We can help ensure that there won't be any surprises."

Click here for more.