Is there a sales tax on boats in Rhode Island?
When it comes to purchasing a boat in Rhode Island, understanding the tax implications is essential. Currently, there is a sales tax on boats in Rhode Island. The state imposes a 7% sales tax on the purchase price of boats, regardless of whether they are new or used. This tax applies to both in-state and out-of-state buyers. Therefore, it is crucial for potential boat buyers to factor in this tax when budgeting for their purchase.
