In December I'll be purchasing
a new (to me) boat.
I'll be purchasing
the boat in Texas
and I currently live in Tennessee, which is where I'll document the vessel. I have no plans to take the boat to Tennessee, but I've checked with my County Clerk about any TN tax that may be required and she has told me that I don't need to pay any TN Sales Tax. There is some work that I plan on completing shortly after taking position which include a quick bottom job and a little more intensive Teak Deck removal
That being said, I have two quick questions that I would love to get some input on and both questions are somewhat dependent on each other, so bare with me.
First concern is where would I need to pay a Sales or Use Tax.
I believe that since the boat will be Documented in Tennessee, I have 90 days after the transfer to either register the boat in Texas
and then pay the 6% Sales Tax or move the boat.
I'm considering spending NEXT winter in the Bahamas
with a slow migration from Houston
to Mobile/Pensacola area, then to Tampa, on to Key West
, then up the Stream to Bimini
by December 13/January 14 to settle in for the winter.
This comes to my next contemplation?
Would it be cheaper to get the Bottom Job and Deck
Work done in the Clear Lake
area in Texas, or in the Mobile/Pensacola?
You see where I'm going with this, right?
has a Use Tax or 2%, but they also have the 90 day requirement before qualification, and FLA is 7% with a 90 day qualification as well, I think
So if I departed TX around the 90 day mark and transited to Mobile, did (or did not do any of the work there depending on $$ of work) I could bounce between Florida
to complete the deck
work, then proceed south where I would then be out of the country for the next several months.
Is it true that there is an exemption of sales tax if I own the boat for a year?
I hope I made it clear enough to solicit some advice.
Thanks in advance.