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16 sie 2024 · Today is about Sales Tax and how it relates to your next vessel purchase. Rarely states can impose use tax and/or property tax. These alternatives are not covered in detail. Some states impose state rates PLUS a local tax. These local taxes can vary heavily county by county.
12 cze 2024 · One of the most challenging aspects can be figuring out which sales taxes apply to individual sales, especially when you're selling to out-of-state customers. This article will provide an overview of when you should collect sales taxes for out-of-state sales.
Motor Vehicles and Watercraft. Special sales and use tax procedures apply to transactions involving motor vehicle and watercraft. The resources below are designed to help automobile dealers, watercraft dealers and others learn more.
The Ohio sales tax applies to sales of watercraft and outboard motors (either titled or documented) to nonresidents of the state of Ohio provided the nonresident's state imposes a sales, use, excise or similar tax on the sale.
A lease of titled motor vehicles, watercraft or outboard motors, whether the lease is paid in one upfront payment, (no monthly payments), or by a stream of payments, is taxed at the rate in effect in the county of the primary property location of the vehicle (s) or watercraft.
If you purchased your boat from a Louisiana dealer or builder: If the dealer or builder did not collect sales tax, a copy of the invoice or billing statement. If the dealer or builder collected sales tax, you do not need to submit a Form R-1331.
This publication has been prepared as a brief guide to the Louisiana State Sales and Use Taxes on motor vehicles used in Louisiana. It also describes certain exemptions and penalties. This information is general and cannot cover every situation.
