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Max Online: 36273 @ 01/23/13 02:34 PM
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#12340776 - 07/15/17 08:14 AM Tax on a used boat?
i-Fish Online   content
Angler

Registered: 06/07/16
Posts: 325
Sooo...state gets the tax on a new boat purchase and AGAIN gets the tax when you buy a previously new (and taxed) boat? Am I missing something?
_________________________
If you can't find em wind em.

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#12340785 - 07/15/17 08:19 AM Re: Tax on a used boat? [Re: i-Fish]
forkduc Offline
TFF Guru

Registered: 03/28/07
Posts: 11247
Loc: Plano,Texas
Nope. That's the way it is!

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#12340792 - 07/15/17 08:24 AM Re: Tax on a used boat? [Re: i-Fish]
i-Fish Online   content
Angler

Registered: 06/07/16
Posts: 325
It's a sick joke!
_________________________
If you can't find em wind em.

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#12340896 - 07/15/17 09:46 AM Re: Tax on a used boat? [Re: i-Fish]
Bobby Milam Offline
Extreme Angler

Registered: 07/13/14
Posts: 2800
Loc: Arlington
There is sales tax on everything that you buy, whether new or used. It's the same way on cars and everything else. It's one of the reasons we don't pay a state tax here.

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#12340935 - 07/15/17 10:02 AM Re: Tax on a used boat? [Re: i-Fish]
RJF1423 Offline
TFF Team Angler

Registered: 11/15/10
Posts: 4298
I can live with it because there is no state income tax. Now if we had both I would be pissed!
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Ephesians 4:31-32

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#12340943 - 07/15/17 10:08 AM Re: Tax on a used boat? [Re: i-Fish]
Uncle Zeek Offline
"Good News, Everyone!"

Registered: 09/26/05
Posts: 18963
Loc: Lewisville
Originally Posted By: HookinToads
Sooo...state gets the tax on a new boat purchase and AGAIN gets the tax when you buy a previously new (and taxed) boat? Am I missing something?


The only exception I can think of is if you trade in the used boat when purchasing another one. Same applies to cars & trucks. Doesn't matter if you're buying a new or used vessel/vehicle - the trade-in value offsets the new(er) purchase and you only pay sales tax on the net price.

But in general yeah, the state collects sales tax on the sale or resale of a boat.
_________________________
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein, 1952

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