82.12.802 - Vessels held in inventory by dealer or manufacturer -- Tax on personal use -- Documentation -- Rules.

Vessels held in inventory by dealer or manufacturer — Tax on personal use — Documentation — Rules.

If a vessel held in inventory is used by a vessel dealer or vessel manufacturer for personal use, use tax shall be due based only on the reasonable rental value of the vessel used, but only if the vessel dealer or manufacturer can show that the vessel is truly held for sale and that the dealer or manufacturer is and has been making good faith efforts to sell the vessel. The department may by rule require dealers and manufacturers to provide vessel logs or other documentation showing that vessels are truly held for sale.

[1997 c 293 § 3.]