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Grouper
 
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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
ScottRobalo R260
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Sailfish
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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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Cigar Minnow
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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.
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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
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Trigger
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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
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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
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Cigar Minnow
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Grouper
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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
ScottRobalo R260
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Cigar Minnow
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| Go to the first link, then click on the "tonnage measurement" link. Search on "tonnage measurement", then click on the "simplified measuremt" .pdf file. That form will explain everything. I do not believe there is a list of boats. In order to make sure you have accurate measurments on your boat, call the manufactor and then plug them into the formula. If the boat is an outboard the formula is simply - length x breadth x depth/100.
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Grouper
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you can't dodge sales tax by documenting with the coast guard because you also have to register with whatever state you are in and they will ask for a bill of sale and when they see no sales tax has been collected you will pay them before you get your state registration, end of story.
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Grouper
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| Darn!!!! I usually do not mind paying taxes but lately when I pay taxes I can't help but think I am paying for Hors Devors for a Wall Street bailout party. If the boat is CG Documented I still have to register it in FL? So I take it that if I were to CG Document the boat, and name Pensacola it's homeport, I then have to pay Florida sales tax because of the Homeport declaration?
V/R
ScottRobalo R260
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Grouper
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PFF Moderator
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| documenting a vessel with the CG is a choice thing, not a required thing and just like Off Route said, does not help you avoid paying taxes in any way. I purchased one documented in AL and moved it to FL. You WILL pay the taxes to register it in FL just a WHOLE LOT MORE than you would if registering it in AL. I did alot of research when I documented my Trojan. It can be a pretty long process. Mine was documented previously a 76' but when I got it done, it fave me the entire history of the boat from original buyer, loans, sales prices, etc for the boats entire history.
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"Pensacola Area Property Services"quality commercial lawn, landscaping, irrigation, tree service, land clearing..... (850)380-6184
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Trigger
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| Dover Documenting a boat can help with financing , as the bank can issue a preferred mortage on it and must sign off on it before the boat can be redocumented. So it also helps the buyer as not all states require or have titles.. The home port can be any town or place in the us. If you keep the boat in florida you must register it and pay taxes and yearly registration fees. While you must display the registration sticker you do not need the reg numbers on the hull sides like undocumented boats.. When i bought my boat in alabama, i waited a couple weeks to get all the paperwork done etc then brought it to pensacola. Once here i went down to janet holly's office to get it registered and pay the sales tax.. they made me pay a 2 week penalty for waiting.... so do not delay.. About a year later i get a very formal letter from the florida taxation dept in tallahassee asking if i had paid the sales tax on my documented boat and implying that very serious penalties would be incurred if i had not.. i promptly called them up and said dont you folks talk to janet holley?.. and yes i have paid a bundle in sales taxes.. they said ok , just a letter they send out to all newly documented boat owners just to be sure... rich
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PFF Moderator
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that's funny, I got the same letter from the state and asked them the same question. in FL, they will get their money.
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"Pensacola Area Property Services"quality commercial lawn, landscaping, irrigation, tree service, land clearing..... (850)380-6184
Scott
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Grouper
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alabama is the same way, when i bought my boat it was in palm bch, i moved it to orange bch and i got a letter from both states. naturally i paid alabama because it was half what it is in florida. i had to send proof to florida that i had moved it to alabama. they wanted copies of fuel receipts in al and paid slip rent receipt.
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Grouper
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| Thanks Everyone, I knew it was too good to be true, but I had to ask. I don't see any reason to document if you do not need to. Sounds like they will get their taxes anyway. (they always F%&@ you at the drive thru!!) 
V/R
ScottRobalo R260
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