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Are charter boats exempt from state sales and use taxes?

April 26, 2017boats Charter exempt sales State taxes

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Are charter boats exempt from state sales and use taxes?

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Boats or yachts purchased exclusively for use in bareboat (or skippered) charters are exempt from state sales and use taxes while in charter, a savings of 7.8 – 8.4% depending on where the boat is purchased or is moored after your purchase. This applies to local as well as out of state owners. Subsequent purchases of equipment or services related to your boat are exempt as well.