It's over was: RI tax madness

Damn right they will. That's why you put "$1 and OVC" (other valuable
considerations) on the sales receipt when you buy an aircraft, rather
than the purchase price. Book value is negotiable, a receipt is not.

Todd Pattist wrote:
Connecticut will send you a sales/use tax bill as soon as
you register your aircraft with the FAA and list a CT
residence.
Todd Pattist
(Remove DONTSPAMME from address to email reply.)
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rip wrote:

Connecticut will send you a sales/use tax bill as soon as
you register your aircraft with the FAA and list a CT
residence.
Damn right they will. That's why you put "$1 and OVC" (other valuable
considerations) on the sales receipt when you buy an aircraft, rather
than the purchase price. Book value is negotiable, a receipt is not.

I know several people who respond to the sales/use tax bill
by notifying the CT tax man that they didn't buy it in CT,
they don't hangar it in CT and they don't fly it in CT. The
tax man goeth away (reluctantly).
Todd Pattist
(Remove DONTSPAMME from address to email reply.)
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Make a commitment to learn something from every flight.
Share what you learn.

"Todd Pattist" wrote in message
...
I know several people who respond to the sales/use tax bill
by notifying the CT tax man that they didn't buy it in CT,
they don't hangar it in CT and they don't fly it in CT. The
tax man goeth away (reluctantly).

Are those people telling the truth? If not, they may well find that the tax
man eventually gets around to coming back. I sure hope he does.

"rip" wrote in message
m...
Damn right they will. That's why you put "$1 and OVC" (other valuable
considerations) on the sales receipt when you buy an aircraft, rather
than the purchase price. Book value is negotiable, a receipt is not.

I don't know the CT laws, but I suspect they are similar to WA. In WA, if
the purchase price is obviously artificially low, they use an estimate of
retail value instead of purchase price for the purpose of calculating the
tax.