Why do people register boats in Montana?
Montana imposes no sales tax, which means you can save thousands of dollars on your boat purchase. Furthermore, Montana requires permanent registration of boats and trailers, eliminating the need for annual renewal fees for tabs/registration. Montana has 0% sales tax, which means you can legally avoid paying your home state’s high vehicle taxes.Montana is moderately tax-friendly for retirees. Depending on your specific financial circumstances, you may find it very friendly or very unfriendly. For starters, the state has no sales tax, which lowers living costs for everyone. It also has relatively low property taxes.How does Montana’s tax code compare? Montana has a graduated state individual income tax, with rates ranging from 4. Montana has a 6. Montana does not have a sales tax.Shaylee: So, Montana is one of five states that doesn’t have a statewide sales tax, meaning the state and most local governments collect most of their revenue through income and property taxes. Some argue that taxing sales spreads the tax burden around and alleviates putting too much pressure on one revenue source.People register cars in Montana because there is no statewide sales tax. This is appealing if someone is buying an expensive car where the taxes are potentially hundreds of thousands of dollars.
Do I need a license to drive a boat in Montana?
A Montana Boating License is required for all persons 13 and 14 years of age* who operate a powered vessel over 10 hp on Montana waters. Unless accompanied by someone 18 years of age or older. A Boat Licence is needed for any person who wants to drive a boat in a recreational capacity faster than 10 knots, or 18. This speed isn’t very fast, and even a tinny can break this barrier easily.