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Conference vicki::boats

Title:Powerboats
Notice:Introductions 2 /Classifieds 3 / '97 Ski Season 1267
Moderator:KWLITY::SUTER
Created:Thu May 12 1988
Last Modified:Wed Jun 04 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1275
Total number of notes:18109

585.0. "Proposed Federal Boat tax" by HYEND::J_BORZUMATO () Fri Jan 12 1990 12:23

    I'm reading the January issue of Boat/U.S. Reports. On the front page
    
    "Bush Administration Floats Federal Boat Excise Tax"
    
    it goes on to say, "A new federal excise tax on recreational boats,
    peffed at one percent of the purchase price and designed to raise 
    $100 million, is activerly being considered by senior White
    House officials as this issue of bla bla bla"
    
    Its not enough with DUKE THE DIPSH*T reaching in our pockets,
    Bush wants to use the money for "PARKLAND AQUISITION" AND
    A PRESIDENTIAL TREE-PLANTING INITIATIVE."
    
    Its time to get on the phone again. We don't even make e'm
    from trees any more. Will someone give George this info.
    
    Anyone needing a copy send me mail..
    
    
    JIm.
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585.1What do you boaters pay for Local Excise?HAZEL::YELINEKWITHIN 10Fri Jan 12 1990 14:3010
    I recently read the same article Jim. 

    What I'm still unclear about is the LOCAL excise tax. I haven't
    received a bill yet from my town. There IS a local excise tax on boats
    isn't there?
    
    What is the rate established? Some fixed amt./$1000. evaluation
    ? like an auto.?

    /MArk
585.2No Tax PACKER::GIBSONDTN225-5193Fri Jan 12 1990 15:2617
    Mark
    If you don't recive your Local Exice Tax soon, you had better rush down
    to your tax office and just write them a blank cheque. Remember, Its
    your Civic duty to help out Gov. Dutaxus.
    
    Don't worry about it. The harbor master will get you a bill real soon.
    
    As far as 1% of recreational boats cost. I guess that your going to see
    a lot more commercial fisherman out there. For only $50. clams a year
    its a lot cheaper to buy a commercial lic than it is to pay a silly
    tax.
    
                            Walt
    
             F/V Rainbow Chaser (F/V stands for Fishin Vessel)
    
    
585.3you have to file firstMSCSSE::BERENSAlan BerensFri Jan 12 1990 17:0312
re .1:

You have to file the proper form with the town tax assessor before you'll 
receive an excise tax bill. The form must be filed before August 1st (as I 
recall) every year. If you fill late, penalties are added to the excise tax. 
The actual tax bills are sent out late in the year. The tax is based on the 
value and age of the boat and isn't all that much, actually. I don't know 
what the legal/financial penalties are for not paying the tax. Our boat is 
moored in Marblehead, and in Marblehead mooring permits will not be renewed 
if the tax hasn't been paid. This is more than enough incentive for us to 
pay, and pay promptly. The waiting list for a mooring is years long.

585.4WEDOIT::JOYCESat Jan 13 1990 08:0112
    For those with boats in NH, this note ties in with the not on the
    proposed NH Reg. Bill. The Bill sets the rates for the town tax.
    The system will be the same as our car reg. The state gets some,
    the town get some. This applies to both salt and fresh water.
    
    On commercial, each state is different, but I believe that some
    states require a look at your 1040, if x% of it isn't money derived
    from fishing, your pay the pleasure rate. The NH bill I've seen
    didn't have this. I hear that it does now, I think its up to the
    harbormaster. 
    
    Steve
585.5ROBOAT::HEBERTCaptain BlighWed Jan 17 1990 11:564
Why's he want to plant trees? to replace the ones where they're
clear-cutting on the National Park land in the Pacific Northwest?

Art
585.6TaxSALEM::GILMANWed Oct 14 1992 12:525
    I heard that the Federal Luxury Tax on boats over $ 100? K has
    been repealed.  Does anybody know if it has been repealed or does
    anyone have a update on this isssue?
    
    Jeff
585.7TOOK::SWISTJim Swist LKG2-2/T2 DTN 226-7102Wed Oct 14 1992 13:538
    Yes it has been repealed I believe effective Jan 1 1993.   Downeast
    magazine reports several Maine boatbuilders (Hickley et al) holding
    orders for delivery after that date contigent on the repeal going
    through.  Ya wouldn't of thought that 10% would make any difference
    to people who buy boats in that price range, but that article claimed
    at least in Maine the repeal has the immediate desired effect of
    stimulating orders.
    
585.8Had itSALEM::GILMANWed Oct 14 1992 15:297
    I think its principal of the issue that drives it.  A yacht is
    expensive even for the wealthy and to add that 10 % government
    garnish on it turns people off, and I can't say as I blame them
    given the poor job the government has been doing. 
    
    Jeff