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Delaware Corporation for Aircraft Owners
in some states you may have the option of a one-time $6000 sales tax
payment vs. a $600 annual use-tax payment What state offers that option, Richard? Paul |
#2
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"Paul Millner" wrote in message ... What state offers that option, Richard? Pennsylvania for sure and I believe lots of other states as well -- see the "exemptions" on the back side of this form for an example: http://www.revenue.state.pa.us/reven...ue/rev-832.pdf Basically if you purchase an airplane for the purpose of renting it to pilots then you are exempt from sales/use tax and instead all the renters (including yourself) pay perpertual use tax on the fair rental value of the airplane. -- Richard Kaplan, CFII www.flyimc.com |
#3
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On Fri, 04 Jul 2003 19:59:25 GMT, "Richard Kaplan"
wrote: "Paul Millner" wrote in message ... What state offers that option, Richard? Pennsylvania for sure and I believe lots of other states as well -- see the "exemptions" on the back side of this form for an example: http://www.revenue.state.pa.us/reven...ue/rev-832.pdf Basically if you purchase an airplane for the purpose of renting it to pilots then you are exempt from sales/use tax and instead all the renters (including yourself) pay perpertual use tax on the fair rental value of the airplane. That is also the case in Maryland. Leaseback aircraft are exempt from sales/use tax (on the purchase price) and also exempt from Personal Property Tax. |
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