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. Non-residents Taxes or fees in lieu of taxes are due, along with appropriate registration fees (U. S. Non-residents may choose to register by the calendar quarter. The vehicle must display the license plate or decal from both its home state and from Montana.Registering a new car in Montana has a loophole that allows owners to avoid paying sales tax. The state has the highest number of registered cars per person in the United States. A new Utah law is aimed at cracking down on those who are using the Montana loophole to dodge paying taxes.
Is boat insurance required in Montana?
Boat insurance isn’t required by Montana law, but some marinas may mandate boat liability coverage. In addition, if you lease or finance your watercraft, your lender may require comprehensive and collision coverages for your boat, which may pay to repair or replace your damaged or stolen watercraft. Legal Requirements to Live on a Boat Different states have varying requirements for the safety equipment that must always be on your boat. In most cases, you’ll also need to register your boat with the U. S. Coast Guard and pay the associated fees before living aboard full-time.
Can you drink on your own boat?
In most states, passengers may legally consume alcohol on a boat, but the operator must remain sober. Boating and alcohol don’t mix when you’re at the helm, and it’s essential to know your state’s specific laws. Guests are prohibited from bringing alcoholic beverages on board with the following exception – at the beginning of the cruise during embarkation day only, guests (21 years of age and older) may bring one 750-ml bottle of sealed/unopened wine or champagne, per person, in their carry-on luggage. Outside this exception, .