I don't know about NJ but we just went through this in Indiana.
Basically it boiled down to this:
It doesn't matter if you are a LLC or not (we are), doesn't matter if
you purchased the plane in state or not. If you are keeping it in
Indiana you owe the tax and they collect it when you apply for a
registration.

I was told that since the states are all broke now they are cracking
down on the "not paying sales tax" thing. They (Indiana Dept of Revenue)
go out on a quarterly basis and collect N numbers from all the airports
and see how long they have been there and whether or not they are
registered in state.

Good luck. We tried and tried butn couldn't get around it.

Jon Kraus
PP-ASEL-IA
N4443H @ TYQ
'79 Mooney M20J


zatatime wrote:
On 1 Dec 2004 05:43:07 -0800, (Derek.) wrote:


Hi all,
I'm trying to get plane with my friend under LLC(non-profit reason) in
NJ. Any laws,tax, etc.... Please let me know.
Derek.



If you buy from an individual out of state to an individual you don't
have to pay the sales/use tax.

HTH.
z