Quote:
Originally Posted by fatlazyless
Is this big boat a triple NH win or what?
Win #1 - no NH sales tax
Win #2 - no NH property tax
Win #3 - no NH registration if registered federal
The NH Galeon 560 Sky Bridge Extraordinaire ..... built in Gdansk, Poland by Galeon Yachts ...... a win, win, win, win ..... how good is that!
So, what's the price?
Win #4 - no federal luxury tax
Maybe it should be named the 'NH Tax Exempt'.
Or, better yet ....... The NH Advantage! .................................................. ................................. ho-ho ... budda-bing. 
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Only five states have no sales tax: New Hampshire, Delaware, Montana, Oregon, and Alaska. |
Not quite FLL
Documented vessels also MUST obtain a NH registration and carry the Certificate of Registration on board. However these vessels are not required to display their registration number but must display the validation decals within two feet of the extreme forward part of the bow.
No NH doesn't tax boat purchases however like a new car purchase, there is a graduated "fee" structure on new boats that is added to the registration requiring the owner to pay a premium on the first few years of ownership so technically it's a tax by a different name. I guess the term "fee" sounds less offensive even though that's pretty much what it is.
Far as federal "luxury" tax goes.... Two years after its imposition, in August 1993, the Congress decided to eliminate the “luxury tax” since it did not achieve its main objective. Gee come to think of it who was running things in DC at that time? Hmm...….. just sayin.
