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state tax question



 
 
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Old April 6th 17, 02:56 PM posted to rec.aviation.soaring
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Default state tax question

Probably there are two tax implications. First is sales tax and second is personal property tax (provided domiciled state collects personal property tax). Sales tax is pretty straight forward for each state. However, personal property tax can be hit or miss; some escape it all together and some pay dearly (imagine annually paying $3.00 per $100 of value). The determining factor is where the sailplane is domiciled and length of residency. Rules vary from state to state and tax "inspection" varies from county to county. Worst case would be two states pursuing you for personal property tax. FWIW, many owners have sailplanes registered to a Delaware corporation, live in a different state, and domicile their sailplane in a third state. Good luck.



On Wednesday, April 5, 2017 at 3:30:12 PM UTC-4, Del Jensen wrote:
You guys are probably tired of these kinds of questions, but I have been searching the web and haven't found the answer to my situation.

I recently purchased a glider in AZ, where I intend to keep it and fly it.. I am a Utah resident, and the bill of sale and FAA registration so indicate.

My intention is to pay the AZ sales tax, along with state registration. Will this trigger a beef with Utah? Can one be obliged to pay sales tax to two states, simply because one has primary residence in a different state than that where a purchased asset is located and utilized?

Many thanks for any insight on this.

Del


  #2  
Old April 6th 17, 05:29 PM posted to rec.aviation.soaring
Duster
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Default state tax question

The US AOPA has done a pretty good job of assimilating a lot of info about aircraft ownership and tax implications (fed and state). Good place to start.


https://www.aopa.org/go-fly/aircraft...guide-to-taxes
 




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