Coast Guard Documented Vessel
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Posted 10/11/2008 2:33:55 PM


Ruby Red Lip

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Hello all,

New to the web site, although I have been logging in as a guest for approx. 8 mos. I was talking to guy who was selling a Grady White 257, He said that I wouldn't have to pay state sales tax because the boat is Goast Guard Documented. He said I would have to pay the Coast Guard a fee for the documentation and name change but would not have to pay sales tax. In a way this makes sense because Florida would make you pay a sales tax when you register the boat in your name. If I purchased a coast Guard Documented Vessel I wouldn't be registering the vessel in Florida would I? I understand that for a vessel to be documented it must displace more than 4000lbs?

I am wary of this information. I get the feeling that someone is going to get that sales tax money somehow!!!

Thanks for any information you all may pass.

R,

Scott

V/R
Scott

Robalo R260

Post #199506
Posted 10/11/2008 2:44:04 PM


Grouper

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I think you ought to be careful with this guy. He's either lying or dead wrong.

"A vessel must measure at least five net tons and, with the exception of certain oil spill response vessels, must be wholly owned by a citizen of the US. "


http://boatsafe.com/nauticalknowhow/doc0101.htm#01


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Post #199512
Posted 10/11/2008 3:46:13 PM
Ruby Red Lip

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A boat must be at least 5 net tons.  A net ton is a measure of volume, not dry weight.  There is an equation that you can get off of the Coast Guards website.  However, a general rule of thumb is that most all boats under 27' are less than 5 net tons.  Assuming a 257 grady does not meet the minimum, you couldn't register it with the coast guard.

As for saving on sales tax, I know that in the past when you purchased a used boat from an individual and registered it with the coast guard, you did not have to pay sales tax.  I wouldn't doubt that they have somehow closed the loophole.  I may be wrong but I think they get you when you insure the boat.  If you purchase the boat from Florida retailer, they are required to pay sales tax on all their sales. 

Post #199525
Posted 10/11/2008 6:22:25 PM


Ruby Red Lip

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A gross registered ton (GRT) is a measure of volume not dry (net) weight.  The formula for estimating GRT is length x beam x draft x .67/100 for motor vessels, and x.50/100 for sailing vessels.

Allison

Post #199580
Posted 10/11/2008 7:33:48 PM
Mingo

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I have a Sea Ray Length 30' Beam 9'2" Draft 3'6" would that be large enough? Thanks

LOVE TO SPEARFISH
Post #199611
Posted 10/11/2008 8:34:16 PM


Ruby Red Lip

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Your Sea Ray is almost 7 GRT.  I don't know the specific requirements for USCG documentation for a boat, but check the USCG PSIX database online--Google "PSIX."  Lots of information there. 

Allison

Post #199639
Posted 10/12/2008 11:49:57 AM
Ruby Red Lip

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Your Sea Ray should be well over 5-net tons.  I've documented smaller vessels.  To be sure, got to this link:

http://www.uscg.mil/hq/cg5/msc/docs/CG-5397.pdf

This is a better webpage:

http://homeport.uscg.mil/cgi-bin/st/portal/uscg_docs/MyCG/Editorial/20070514/Guide_Simp_1.pdf?id=59a8f1a203bf4563d5cf94dee615d09b79c2012e

Looks like a 257 grady may be able to be documented after all.  I always used the 27' foot rule of thumb, but the coast guard uses 25'.

Post #199816
Posted 10/12/2008 1:25:45 PM


Ruby Red Lip

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Thanks, couldn't get the second website to come up. "Unauthorized Access" Was it a list of Boats that can be documented?

V/R
Scott

Robalo R260