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Old 14-07-2017, 18:00   #1
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NJ Sales Tax

Buying my first boat and I have a question that I hope someone can answer.
I live in NJ but have found a new boat I like i Delaware.
I know there is a sales tax break of 50% off the normal 7% if the boat was purchased in NJ. Will I have to pay 7% when I register it because of buying it in Delaware who has no sales tax.

Thanks
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Old 16-07-2017, 17:33   #2
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Re: NJ Sales Tax

Quote:
Originally Posted by gdk0028 View Post
I know there is a sales tax break of 50% off the normal 7% if the boat was purchased in NJ.
i can't answer your first question, but i think i remember some discussion on the forum about it. i am intrigued by the above quote though. i have never heard of this 50% tax reduction before. i'm especially interested since i'm about to plunk down for a bigger boat in NJ.
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Old 16-07-2017, 18:10   #3
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Re: NJ Sales Tax

It applies to use tax as well as sales tax so you would be subject to the 50% exemption. The law reads "sales and uses".
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Old 31-07-2017, 18:32   #4
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Re: NJ Sales Tax

that's up to a maximum of 20k in taxes.....I think it's all a big christie tax grab if you ask me....I notice a greater number of boats for sale in NJ than in previous years.....is why my ex and I are looking in maryland and will homeport in maryland....even if she's a NJ resident
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