PORTLAND, Maine — A retired Maine businessman thought he was helping the local economy in 2005 when he spent more than $100,000 in Portland on repairs to his 72-foot luxury yacht, newly purchased in Florida. Now he's feeling cheated.

More than a year later, Tom Toye III received a $60,000 bill from Maine Revenue Services for so-called "use taxes" on the boat.

Toye appealed and later sued the state tax assessor, claiming the vessel shouldn't be taxed in Maine. Last week, he lost his case in Maine Superior Court. With interest and penalties accruing, he says the bill has grown to about $120,000.

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