Quote:
Originally Posted by lawn psycho
I'm speaking from experience. I don't know about other states. When I financed my first boat through a bank in CT, I was fine. I then refinanced it to a lower rate a year later at a local in Maine and about 2 months after that I got a letter from the Maine Revenue service. Boat was never in the state of Maine as it was slipped and stored at Winni.
A co-worker had his boat in NH and when he sold it to a guy in Maine, he got bagged. The new owner went to register the boat it requires listing the previous owner. It popped up that the sales tax had never been paid on the boat. He had to cough it up.
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All the more reason not to do business in Maine. I finance my boat from a CU in CA. I don't think it was required to tell Mass state. Commonwealth? Whatever.