What the sales tax exemption on boats means for Rhode Island and the boating industry is opportunity, Rich said. Even if the sale occurred in Rhode Island, R.I. Gen. Laws § 44-18-30(48) exempts the sale of boats from sales and use tax. Charter Fishing in a Pandemic. Remember When: A Lifetime Spent at Sea. Registrations only for 13' and under. RHODE ISLAND No Sales Tax on Used Boats 7% on New Outboard Motors Registrations www.dem.ri.gov 401-222-6800 This is a Title State Registration Only for Documented Boats Titles are issued for non-documented Boats 13'1" and over which they will round up to next even footage on the Title & Registration. The sales tax would be a one time tax on the purchase of an item. Developing a Predator State of Mind. Updated: May 6, 2019. Outboard motors purchased from dealers (private party sales are exempt from sales tax requirements). Title & Register Your Vessel in RI. If you physically buy the boat in Rhode Island you would owe no sales tax on it. More Boats. Sales Tax Insurance Proceed Letters: Are no longer accepted by the Division of … PRIOR to titling and/or registering your boat with the DEM, you'll need to pay sales tax, which is 7% of the purchase price, at the Rhode IslandDivision of Taxation's main office on:. Travel. Wade noted the vessel was designed by Rhode Island boat designer Ted Fontaine and purchased in the state. Rhode Island repealed those taxes in 1993. Excise tax section can be reached at 401-574-8955 or via email tax.excise@tax.ri.gov. Rhode Island, for example, has no sales tax on boats. If sales tax is late, you will be subject to interest and penalties. Kerry spokesman David Wade said Friday the boat … Delaware and Rhode Island do not require a sales tax at all, and in some states, sales tax is only applied up to a certain amount of the boat’s purchase price. Rhode Island is one of the most boat-tax-friendly states in the nation with no sales, use or property taxes on boats. This document will require notarization. (For example, if you purchase a boat on Jan. 15, sales tax is due on Feb. This makes it a popular place for yachting enthusiasts to purchase summer homes along scenic Narragansett Bay - one of the best places to sail in the Northeast. That has made the state something of a nautical tax haven. Travel. The Rhode Island Vessel Bill of Sale is a legal document that will provide proof that a watercraft has been sold and purchased.The form will provide needed information about the seller, buyer, change of ownership and identification of the boat. Massachusetts sales tax is 6.25% of the total purchase price. Sales tax is due on the 20th day of the month following the date of purchase. New Yorkers, for instance, pay sales tax on only the first $230,000 of a purchase price—or 8.25 percent, in most counties. There may be several ways to minimize or avoid sales and use taxes when buying a boat. Latest. Boats. A Faux Teak Future in Boatbuilding. AND; Vessels purchased before July 29, 1993. By Raleigh P. Watson. People are attracted here because of the absence of the tax, which means a lot more money is going into the state’s economy and into the boating industry. Rhode Island does have a Sales and Use Tax (7%) it simply doesn't apply to a boat purchase. 20.) It was built in New Zealand by Friendship Yachts. Florida caps the amount of boat sales tax at $18,000 no matter the purchase price. A Department of Revenue spokesman said Kerry would be liable for Massachusetts taxes if he berthed the boat in … Travel. If the sale does not occur in Rhode Island (i.e., the Lessees do not receive the boat in Rhode Island), no Rhode Island sales or use tax would be due. Apply to a boat on Jan. 15, sales tax exemption on boats day of the boat-tax-friendly... It simply does n't apply to a boat purchase are exempt from sales tax on the purchase price @.. 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