Registration/ownership tax on glider in Colorado

[Andy Smielkiewicz]

Any ownership/registration tax to be paid on new glider in Colorado?
California has one, Nevada doesn't.
Any ideas?

Andy

[Frank Whiteley]

On Mar 4, 7:50 pm, "Andy Smielkiewicz" > wrote:
> Any ownership/registration tax to be paid on new glider in Colorado?
> California has one, Nevada doesn't.
> Any ideas?
>
> Andy

No recurring ownership tax.

One time 2.9% state sales tax if purchased as resident and based in
unincorporated area. Same rate 'use' tax if pre-owned and owner
migrates bringing glider in.

If based in incorporated area, local sales tax may apply on top of
state tax. Generally 3.0% or greater meaning 6%+.

Frank

[Mike Baldwin]

I can confirm this and that the revenue department pro-actively looks
at FAA registrations/Change of address! However, I don't believe they
will apply this if you can show sales tax was previously paid in
another state.
MIke

On Mar 4, 9:57 pm, "Frank Whiteley" > wrote:
> On Mar 4, 7:50 pm, "Andy Smielkiewicz" > wrote:
>
> > Any ownership/registration tax to be paid on new glider in Colorado?
> > California has one, Nevada doesn't.
> > Any ideas?
>
> > Andy
>
> No recurring ownership tax.
>
> One time 2.9% state sales tax if purchased as resident and based in
> unincorporated area. Same rate 'use' tax if pre-owned and owner
> migrates bringing glider in.
>
> If based in incorporated area, local sales tax may apply on top of
> state tax. Generally 3.0% or greater meaning 6%+.
>
> Frank

[Stan - VA]

On Mar 4, 8:50 pm, "Andy Smielkiewicz" > wrote:
> Any ownership/registrationtaxto be paid on new glider in Colorado?
> California has one, Nevada doesn't.
> Any ideas?
>
> Andy

Andy,

FYI. A friend of mine got a request here in Colorado for sales tax on
the used LS4 he bought. He ignored it and they then sent him a notice
of valuation of $150,000. He will have to appeal it. It seems the
state of Colorado is now estimating very high if there initial request
is ignored.

Stan

[Bullwinkle]

On 4/24/07 12:52 PM, in article
om, "Stan - VA"
> wrote:

> On Mar 4, 8:50 pm, "Andy Smielkiewicz" > wrote:
>> Any ownership/registrationtaxto be paid on new glider in Colorado?
>> California has one, Nevada doesn't.
>> Any ideas?
>>
>> Andy
>
> Andy,
>
> FYI. A friend of mine got a request here in Colorado for sales tax on
> the used LS4 he bought. He ignored it and they then sent him a notice
> of valuation of $150,000. He will have to appeal it. It seems the
> state of Colorado is now estimating very high if there initial request
> is ignored.
>
> Stan
>

Colorado has a sales tax for planes bought in Colorado, and a "use" tax for
planes bought elsewhere, but brought back to Colorado. By incredible
coincidence, those two work out so that the State gets the same amount of
money, regardless of where you bought the glider. I went through the whole
process about 18 months ago, on a glider bought in Massachusetts.

Get a real bill of sale, not just the FAA one: the State won't accept those
for valuation purposes.

It's a tricky process, because there are a lot of local taxes which can be
added on depending on where the ship will be based. My ship is based in
Elbert County, but I live in El Paso County (Colorado Springs). Had I used
my C/S address, it would have cost more for lots of little add-on taxes.

Ignoring the tax people doesn't work: they review the FAA registration
database, and if you miss the deadline, once they catch up to you there are
also late penalties involved.

Stay ahead of this one, is my recommendation.

The hardest part of the whole process for me, though, was getting a trailer
license plate from DMV. That was a real saga.

Bullwinkle

[Jim Vincent]

> Colorado has a sales tax for planes bought in Colorado, and a "use" tax
> for
> planes bought elsewhere, but brought back to Colorado. By incredible
> coincidence, those two work out so that the State gets the same amount of
> money, regardless of where you bought the glider. I went through the whole
> process about 18 months ago, on a glider bought in Massachusetts.
>
> Get a real bill of sale, not just the FAA one: the State won't accept
> those
> for valuation purposes.
>
> It's a tricky process, because there are a lot of local taxes which can be
> added on depending on where the ship will be based. My ship is based in
> Elbert County, but I live in El Paso County (Colorado Springs). Had I used
> my C/S address, it would have cost more for lots of little add-on taxes.
>
> Ignoring the tax people doesn't work: they review the FAA registration
> database, and if you miss the deadline, once they catch up to you there
> are
> also late penalties involved.
>
> Stay ahead of this one, is my recommendation.
>
> The hardest part of the whole process for me, though, was getting a
> trailer
> license plate from DMV. That was a real saga.
>
> Bullwinkle
>

Do three bill of sales. One for the glider, one for the trailer, one for
the instruments. Parse out the expense of the purchase accordingly. Submit
the glider BoS to the state.

[Stewart Kissel]

I can confirm Bullwinkle's account, I live in Eagle
County but my trailer/ship stay in Chaffee County.
The local constable even came out to confirm my trailer
registration, having a serial number on the trailer
helps that process. As far as valuation for dodging
taxes, tell them what you paid. They seem quite able
to track down via the FAA , so don't wait on the State.

[Nyal Williams]

Think about this carefully before you assign values.
The insurance will likely cover the glider and the
trailer separately and you will want enough value on
the glider so that you can sell off the trailer by
itself and still come out ok in case of an accident.

At 23:54 24 April 2007, Jim Vincent wrote:
>
> <snip>
>
>Do three bill of sales. One for the glider, one for
>the trailer, one for
>the instruments. Parse out the expense of the purchase
>accordingly. Submit
>the glider BoS to the state.
>
>
>

[[email protected]]

On Apr 24, 6:05 pm, Nyal Williams
> wrote:
> Think about this carefully before you assign values.
> The insurance will likely cover the glider and the
> trailer separately and you will want enough value on
> the glider so that you can sell off the trailer by
> itself and still come out ok in case of an accident.
>
> - Show quoted text -

Now you said the magic word -- INSURANCE! My advice is to know your
coverage for all possible circumstances. I recently learned that my
glider/trailer coverage isn't applicable to the trailer when it is
hooked up to the tow vehicle -- the tow vehicle's insurance is
supposed to cover it. For various reasons, I purchased a separate
liability policy for my trailer and now I think I'll be covered in
every imaginable circumstance (I hope)!

BTW, I live in Kern County, CA and they not so long ago stopped
sending tax bills for unsecured property under $5,000. I still receive
a bill for my glider but there are some out there that would not be
taxed.

Steve
AM