On 17 May 2006 19:57:37 -0700, "Robert M. Gary"
wrote in .com::

This is not true in the state of California. (I called the FTB to
verify this).

2. Each time a 'share' in the aircraft is sold it is subject to
state personal property/use tax, unlike the transfer of corporate
stock certificates.


Which is not true, the state tax on the purchase of a partnership
share resulting in a name change on the FAA Certificate of
Registration, or the fact that there is no state use-tax on the
exchange of corporate shares?