New law benefits out-of state boat purchasers.
Nonresident purchasers of boat five net tons or more can keep their boats in Florida waters for up to 90 days after purchase without being taxed on the purchase price, thanks to new legislation that went into effect October 1, 1995. The boat must be purchased from a registered dealer or yacht broker in order to qualify for the sales tax exemption and a 90-day Florida Cruise Permit decal obtained.