Florida charter boat exempt.

In Florida, a dealer who purchased a yacht exclusively for charter purposes qualified for a bare boat exemption because the vessel was never used for anything more than as a rental and chartering. All other activity with the boat, including its movements for boat shows and repairs, were considered to be in the scope of bare boat operations. (TMW Yacht Sales, Inc. v. Department of Revenue, Florida Department of Revenue, DOR 02-9-FOF, December 23, 2002)

Posted on February 15, 2003