On Wed, 14 Nov 2007 18:17:52 -0800 (PST), quietguy
wrote:

I know a guy who reserved a number for twelve years before his
airplane flew; just keep paying the fee. Your state may contact you
if they register/tax aircraft, but every such state I know of exempts
homebuilts under construction; they'll require you to contact the
state office within a certain period after the FAA issues the
airworthiness certificate. (Save all parts/materials receipts to
establish the tax basis or registration fee. Some states also factor
in your labor hours -- at some pitifully small rate -- so you may have
to show building-time records, too.)


Wasn't that fee to hold an "N" number one of the ones they are going
to raise up quite a bit with the new registration fees? I'm holding
one, but if they raise the fee up from $10 to $50 a year, I may just
go ahead and register my unfinished homebuilt and then deal with the
state, who will most certianly come after me for personal property
tax. Homebuilts, especially ones that are unique, the state has a hard
time establishing a value for, so they came to me and asked what is
was worth for the one I have that's finished and flying.