[C320-list] Update on boat purchase

[pat reynolds]

hopefully you mean sail place in Waukegan, IL and not chicago as chicago and cook county have the highest sales taxes in the nation.  Depending on the price of the boat you may wish to ask sail place if it would be worthwhile to close the sale in michigan which has a 6% sales tax

--- On Sat, 6/13/09, Brad Kuether <bkuether at comcast.net> wrote:

> From: Brad Kuether <bkuether at comcast.net>
> Subject: [C320-list] Update on boat purchase
> To: C320-List at Catalina320.org
> Date: Saturday, June 13, 2009, 6:07 PM
> I am less than a month from getting
> "Independence" a 2004 Catalina, and bringing her home to
> Middle River parked one boat over from Wal de Mar.
> 
> I have a surveyor lined up, the broker has been GREAT (Sail
> Place in Chicago), and almost everything is set, even the
> financing!
> 
> Right now the only open switch is the taxes.  I
> assumed that I would just pay the state where the boat was
> located "to" but this appears to not be the case.
> 
> >From the Maryland DNR page, it appears that I pay taxes
> in Illinois, and get a "credit".  I would think
> Maryland would want those taxes, Illinois got them already
> on the initial purchase!
> 
> Here are the two pages:
> 
> http://www.dnr.state.md.us/boating/registration/
> 
> http://www.dnr.state.md.us/download/DNRB-240.pdf
> 
> 
> Anyone move a boat to Maryland from another state? 
> Curious to understand the tax implications.  I am NOT
> paying both states!
> 
> Thanks in advance for any insight.
> 
> -Brad, Mary, Monica, and Jarod
> soon to be "Independence"
> Hull # 1006
> Middle River, MD
>