BoatWiki

BoatWiki.com

The Free Boating Encyclopedia

DefinitionsGuidelinesResources
FormsDatabasesBlogsProfiles

Participate TranslateAbout
LinkTermsPrivacyContact

--- WikiTags ---

Sales Tax - Definition
Property Tax - Definition
Use Tax - Definition
State Boating Requirements



BoatScope

The nation's premier boat history report with a full compliment of title search resources. Includes eight maritime databases all rolled into one convenient interface. A must-have service for any prospective buyer, marine lender, or maritime professional.

Visit Now

Advertisement

Owner Background Search

Criminal Records
Assets - Properties
Personal Details


Know your seller!

Sponsored by

BeenVerified

Excise Tax WikiTagsWikiShare


BoatWiki - Definitions

Definition


Excise tax as it applies to boats can be defined as an assessment for the privilege of operating on the waters of a particular state. Collection thereof is typically incorporated into the boat's periodic registration fees.

Meaning


The terms excise, property, use, and sales taxes are frequently confused with each other. They are all, however, a means or method for the collection of revenues attributed to the operation of a boat on the respective state's waters.

Context


The types of boat taxes, assessments, and requirements may vary considerably on a state by state basis. In any event, excise taxes are usually imposed at different rates and set apart from sales, use, and property taxes.

Conclusion


Although legitimate tax exemptions are still a factor, many of the earlier loopholes for avoidance have been eliminated. It may accordingly be worthwhile to consult with a tax professional in the jurisdiction where the boat will be operated. BoatWiki has various resources for finding such information, but keep in mind the rules and rates are ever changing.


Credits and References

2/23/2022 - Page initiated by Team BoatWiki.
4/24/2022 - Page revised on Team BoatWiki review.




Advertisement

BoatUS Towing


Float Your BoatWiki

Learn about the role you can play
in supporting the internet's most reliable
source of free boating information.

WikiAlerts

Stay informed about urgent matters of
boater fraud and the latest changes in
 boat registration or safety regulations.

Advertisement

Advertisement

BoatUS Member


BoatWiki.com

A Division of Maritime Partners, LLC
State of Washington  USA
© Copyright 1998 - 2022 All rights reserved.