Last month's column addressed the question of whether to state register or federally document a boat, and I observed that federally documenting a boat would not typically allow the owner to avoid paying Maine sales and use tax. But there is a way, entirely legal...
lobsterboat
Salvage Claims & Awards Under Admiralty Law
I am tending traps in my lobster boat one blustery fall day, and as I watch an expensive yacht run up on a ledge. The yacht backs away from the ledge, then loses power and begins to flood. Despite the menacing rocks I come alongside, and the passengers clamber onto my...