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How long can you reserve an N-number?



 
 
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  #1  
Old November 15th 07, 01:43 AM posted to rec.aviation.homebuilt
Carl Orton
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Posts: 19
Default How long can you reserve an N-number?

If one wanted to reserve a unique N-number while they were building a plane,
how long can you keep renewing the reservation (understanding you'd have to
pay a fee each time)?

I thought it was for only a year or so, but faa.gov makes it sound like you
can renew at least once, but didn't see an upper limit on the number of
times.

Anyone know for sure?

Thanks;
Carl


  #2  
Old November 15th 07, 02:17 AM posted to rec.aviation.homebuilt
quietguy
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Posts: 61
Default How long can you reserve an N-number?

I know a guy who reserved a number for twelve years before his
airplane flew; just keep paying the fee. Your state may contact you
if they register/tax aircraft, but every such state I know of exempts
homebuilts under construction; they'll require you to contact the
state office within a certain period after the FAA issues the
airworthiness certificate. (Save all parts/materials receipts to
establish the tax basis or registration fee. Some states also factor
in your labor hours -- at some pitifully small rate -- so you may have
to show building-time records, too.)
  #3  
Old November 15th 07, 12:42 PM posted to rec.aviation.homebuilt
Ron Natalie
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Posts: 1,175
Default How long can you reserve an N-number?

Carl Orton wrote:
If one wanted to reserve a unique N-number while they were building a plane,
how long can you keep renewing the reservation (understanding you'd have to
pay a fee each time)?

I thought it was for only a year or so, but faa.gov makes it sound like you
can renew at least once, but didn't see an upper limit on the number of
times.


You can keep renewing it as long as you keep sending them the fee.

I finally stopped renewing N1RN and some glider out in Ohio grabbed it.



  #4  
Old November 15th 07, 02:06 PM posted to rec.aviation.homebuilt
Gig 601XL Builder
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Posts: 2,317
Default How long can you reserve an N-number?

Carl Orton wrote:
If one wanted to reserve a unique N-number while they were building a
plane, how long can you keep renewing the reservation (understanding
you'd have to pay a fee each time)?

I thought it was for only a year or so, but faa.gov makes it sound
like you can renew at least once, but didn't see an upper limit on
the number of times.

Anyone know for sure?

Thanks;
Carl


There isn't a limit as long as you renew and pay the $10 each year. I first
renewed mine in Oct 2002.


  #5  
Old November 16th 07, 08:59 PM posted to rec.aviation.homebuilt
IO540
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Posts: 3
Default How long can you reserve an N-number?

On Wed, 14 Nov 2007 18:17:52 -0800 (PST), quietguy
wrote:

I know a guy who reserved a number for twelve years before his
airplane flew; just keep paying the fee. Your state may contact you
if they register/tax aircraft, but every such state I know of exempts
homebuilts under construction; they'll require you to contact the
state office within a certain period after the FAA issues the
airworthiness certificate. (Save all parts/materials receipts to
establish the tax basis or registration fee. Some states also factor
in your labor hours -- at some pitifully small rate -- so you may have
to show building-time records, too.)



Wasn't that fee to hold an "N" number one of the ones they are going
to raise up quite a bit with the new registration fees? I'm holding
one, but if they raise the fee up from $10 to $50 a year, I may just
go ahead and register my unfinished homebuilt and then deal with the
state, who will most certianly come after me for personal property
tax. Homebuilts, especially ones that are unique, the state has a hard
time establishing a value for, so they came to me and asked what is
was worth for the one I have that's finished and flying.
  #6  
Old November 16th 07, 09:41 PM posted to rec.aviation.homebuilt
quietguy
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Posts: 61
Default How long can you reserve an N-number?

On Nov 16, 2:59 pm, IO540 wrote:

Wasn't that fee to hold an "N" number one of the ones they are going
to raise up quite a bit with the new registration fees?


It was part of the FAA's reauthorization/restructuring proposal, which
got shot down by Congress this fall:

http://www.aopa.org/pilot/features/2007/feat0705.html

Look about two-thirds of the way through the AOPA article (from May
2007) and you'll see the proposals: $80 to register a 'special' N-
number (i.e., one not assigned at random) and $50 to renew it. Shot
down with all the rest -- but soaking us for 'vanity plates' is
clearly on their minds at the FAA. It's unclear from the AOPA's
wording but it looks as if the FAA wanted to hit us up for these fees
every year for existing aircraft as well as for reserved N-numbers.
  #7  
Old November 17th 07, 06:25 AM posted to rec.aviation.homebuilt
Roger (K8RI)
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Posts: 727
Default How long can you reserve an N-number?

On Fri, 16 Nov 2007 15:59:08 -0500, IO540
wrote:

On Wed, 14 Nov 2007 18:17:52 -0800 (PST), quietguy
wrote:

I know a guy who reserved a number for twelve years before his
airplane flew; just keep paying the fee. Your state may contact you
if they register/tax aircraft, but every such state I know of exempts
homebuilts under construction; they'll require you to contact the
state office within a certain period after the FAA issues the
airworthiness certificate. (Save all parts/materials receipts to
establish the tax basis or registration fee. Some states also factor
in your labor hours -- at some pitifully small rate -- so you may have
to show building-time records, too.)



Wasn't that fee to hold an "N" number one of the ones they are going
to raise up quite a bit with the new registration fees? I'm holding
one, but if they raise the fee up from $10 to $50 a year, I may just
go ahead and register my unfinished homebuilt and then deal with the


Cars and airplanes in Michigan are not considered taxable as personal
property, but we do have to pay sales tax on the value/investment.
That often brings up the argument as to what the plane is really worth
compared to what you have invested in it.

I'd gladly register mine at $1.00 per hundred weight, or about $25 a
year versus 6% of the value at registration time. In a well equipped
Glasair III that could easily vary from a few thousand to over ten
thousand dollars. Figuring what I have in it at present: Kit price
(used but still in the crate), engine K1A5 IO-540, Prop (Hartzel 3
Blade like new with very little time on it) not counting labor would
save me one whale of a lot of money.

Thing is, this state's finances have been really screwed up by the
current and past parties in power. So it they argue your well crafted
bug smasher is worth $100,000 and you have $50,000 in it you may have
a very difficult time getting them to budge and they don't care how
many appraisals you have as they'll do their own.

I think it was this past year one of the locals flew down south to
purchase a plane at a really good deal (to top it off the plane was in
very good shape too). The state refused to accept the bill of sale as
the actual value as it was not typical of that make and model for that
year. So he ended up paying close tax on close to double what he
really paid for the plane.

state, who will most certianly come after me for personal property
tax. Homebuilts, especially ones that are unique, the state has a hard
time establishing a value for, so they came to me and asked what is
was worth for the one I have that's finished and flying.


It doesn't help when they can go to Trade-a-plane and find asking
prices up in the stratosphere for similar planes and with my luck
they'd find one that was a prize winner at Oshkosh worth twice mine.

Roger (K8RI)
  #8  
Old November 17th 07, 06:28 AM posted to rec.aviation.homebuilt
Roger (K8RI)
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Posts: 727
Default How long can you reserve an N-number?

On Fri, 16 Nov 2007 13:41:02 -0800 (PST), quietguy
wrote:

On Nov 16, 2:59 pm, IO540 wrote:

Wasn't that fee to hold an "N" number one of the ones they are going
to raise up quite a bit with the new registration fees?


It was part of the FAA's reauthorization/restructuring proposal, which
got shot down by Congress this fall:


Yah, but today the AOPA said the administration is still pushing for
User fees and those would probably fall right in with these.

Roger (K8RI)

http://www.aopa.org/pilot/features/2007/feat0705.html

Look about two-thirds of the way through the AOPA article (from May
2007) and you'll see the proposals: $80 to register a 'special' N-
number (i.e., one not assigned at random) and $50 to renew it. Shot
down with all the rest -- but soaking us for 'vanity plates' is
clearly on their minds at the FAA. It's unclear from the AOPA's
wording but it looks as if the FAA wanted to hit us up for these fees
every year for existing aircraft as well as for reserved N-numbers.

  #9  
Old November 17th 07, 03:06 PM posted to rec.aviation.homebuilt
IO-540
external usenet poster
 
Posts: 4
Default How long can you reserve an N-number?



It doesn't help when they can go to Trade-a-plane and find asking
prices up in the stratosphere for similar planes and with my luck
they'd find one that was a prize winner at Oshkosh worth twice mine.

Roger (K8RI)


I'm building a Glasair 3 myself, and tactic I've seen used by a lot of
homebuilders is to not name the aircraft what the kit maker calls it.
Being the builder, and building 51% or more of it, you are free to
name it anything you want to call it. Calling it a Glasair just helps
the state out in figuring out what it's worth. I guess I'm lucky in
that in my state, they don't actually go out and inspect a homebuilt
at the airport, Mich. sounds a lot more agressive in that area. But we
pay a yearly personal property tax on cars and planes, boats, ect..
And I've heard is the 3rd highest in the country for PPT. (SC).
Homebuilts aren't so easy to set a value on, and states that go after
them for tax money are especially greedy. Some builders never plan to
sell them for fear of liability, so in those cases, the resale is hard
to put a value on.
RAM

  #10  
Old November 17th 07, 03:10 PM posted to rec.aviation.homebuilt
IO-540
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Posts: 4
Default How long can you reserve an N-number?

On Fri, 16 Nov 2007 13:41:02 -0800 (PST), quietguy
wrote:

On Nov 16, 2:59 pm, IO540 wrote:

Wasn't that fee to hold an "N" number one of the ones they are going
to raise up quite a bit with the new registration fees?


It was part of the FAA's reauthorization/restructuring proposal, which
got shot down by Congress this fall:

http://www.aopa.org/pilot/features/2007/feat0705.html

Look about two-thirds of the way through the AOPA article (from May
2007) and you'll see the proposals: $80 to register a 'special' N-
number (i.e., one not assigned at random) and $50 to renew it. Shot
down with all the rest -- but soaking us for 'vanity plates' is
clearly on their minds at the FAA. It's unclear from the AOPA's
wording but it looks as if the FAA wanted to hit us up for these fees
every year for existing aircraft as well as for reserved N-numbers.


Every year? that would be awful, and just put another nail in the
coffin for GA. The FAA is persistant, that's for sure. The B-crats
just can't get the thought from their mind that anyone who owns an
aircarft is rich, and is a prime target for taxes for them to waste on
many of their useless programs.
 




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