State Wants Back Taxes on Large Boats
About 35-hundred boat owners could have to begin paying Kentucky property taxes on their houseboats and cabin cruisers now that state tax collectors know who they are.
The boats are generally more than 25 feet long and often worth
hundreds of thousands of dollars or more. They have gone untaxed
for years because they were registered with the Coast Guard and not
the state.
Officials with the Kentucky Department of Revenue have won Coast
Guard approval to use its files to identify the boats and their
owners.
The state began notifying the boat owners last summer that they
were behind in their tax payments.
Tax bills totaling two-and-a-half (M) million dollars, an average of about 700 dollars each, have gone out across the state.
(Copyright 2006 by The Associated Press. All Rights Reserved.)
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