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I did this a few years back...it's not difficult, just not sure if its worth the hassle. I haven't bothered the last few years.
FYI - I started getting yearly excise tax bills ever since I received my first rebate check. Not sure if there is a correlation or not, all I know is that I was never charged excise on the boat prior to that...now I get one from the city of Boston every year.
Could be a coincidence, but something to think about it you're not paying excise tax on the boat now...
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