Well we all dislike the tax man, but taxing airplane owners is apparently perceived by some states as a new income center. Your state may make you pay sales tax when you purchase a plane or you had the foresight to talk to an experienced aircraft accountant or your own accountant for that matter and figure out how and where to title your plane to be most tax advantageous to you.

Well you did your homework and preplanned and now you decide to visit your vacation home or just go on and extended vacation or business trip and boom you get a new tax bill! Several states have taken the approach that a 20 day in their state or even 90 days in a 12-month period entitles them to charge you sales tax on your plane! How about a $175,000 tax bill for your visit to Maine…Read More

This entry was posted on Tuesday, January 22nd, 2008 at 10:42 pm and is filed under Aircraft, Ownership. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.