Guys and Gals,
I am all set to take a new job in MD, take my boat across the Potomac and voila no house payment.....
Until the lady at the prospective marina says, you do know you will have to pay MD "vessel use tax"....to the tune of $5K yearly on a $100K boat.
Is this real? I called DNR and the two folks I spoke with had no idea what I was talking about. The website does say if you "use" the boat more than 90 days in MD, you are liable for the tax and they will collect it, regardless of where it is documented or what.
Please advise, I really hate to decline a job offer in these times, but $525 for a liveaboard slip in St Marys county AND $425 for tax makes an apt almost a better deal?
btw, I live and pay tax in VA, the boat is documented and yes I pay tax on it in VA.
dave
I am all set to take a new job in MD, take my boat across the Potomac and voila no house payment.....
Until the lady at the prospective marina says, you do know you will have to pay MD "vessel use tax"....to the tune of $5K yearly on a $100K boat.
Is this real? I called DNR and the two folks I spoke with had no idea what I was talking about. The website does say if you "use" the boat more than 90 days in MD, you are liable for the tax and they will collect it, regardless of where it is documented or what.
Please advise, I really hate to decline a job offer in these times, but $525 for a liveaboard slip in St Marys county AND $425 for tax makes an apt almost a better deal?
btw, I live and pay tax in VA, the boat is documented and yes I pay tax on it in VA.
dave