personal property tax on homebuilt aircraft

Jim Weir: I believe that you made reference to an exemption from personal
property tax assessment on the basis of less than 5 aircraft of a specific
model being made? Can you provide a reference to the tax code where that
is defined? (I hope that this applies to California??)

Stu Fields

In article ,
"Stu Fields" wrote:

Jim Weir: I believe that you made reference to an exemption from personal
property tax assessment on the basis of less than 5 aircraft of a specific
model being made? Can you provide a reference to the tax code where that
is defined? (I hope that this applies to California??)

Stu Fields



It DOES apply in California. Get the information on "historic aircraft"
from your tax collector. You pay a one-time fee of $35 (per county
based) and have to agree to display it to the public at least 12 days
per year.

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Orval Fairbairn wrote in message .. .
In article ,
"Stu Fields" wrote:

Jim Weir: I believe that you made reference to an exemption from personal
property tax assessment on the basis of less than 5 aircraft of a specific
model being made? Can you provide a reference to the tax code where that
is defined? (I hope that this applies to California??)

Stu Fields



It DOES apply in California. Get the information on "historic aircraft"
from your tax collector. You pay a one-time fee of $35 (per county
based) and have to agree to display it to the public at least 12 days
per year.

Is "display to the public" defined in the law?

Orval Fairbairn wrote in message .. .
In article ,
"Stu Fields" wrote:

Jim Weir: I believe that you made reference to an exemption from personal
property tax assessment on the basis of less than 5 aircraft of a specific
model being made? Can you provide a reference to the tax code where that
is defined? (I hope that this applies to California??)

Stu Fields



It DOES apply in California. Get the information on "historic aircraft"
from your tax collector. You pay a one-time fee of $35 (per county
based) and have to agree to display it to the public at least 12 days
per year.

Doesn't have to be less than 5 made, it just needs to be "antique" and
for you to display it 12 times a year. I'm rusty on the years they
consider "antique" in California, maybe 35 years old or older. I used
to get the exemption on my Ercoupes.

Ken J. - Sandy, Egg Ho

"Ken Sandyeggo" wrote in message
om...
Doesn't have to be less than 5 made, it just needs to be "antique" and
for you to display it 12 times a year. I'm rusty on the years they
consider "antique" in California, maybe 35 years old or older. I used
to get the exemption on my Ercoupes.

Ken J. - Sandy, Egg Ho

I realize this thread is mostly for California registration/tax. MN has
Antique/Classic registration for aircraft over 50 years old at a one time
fee of $25.
"If an antique or classic aircraft is owned and operated solely as a
collector's item"
(http://www.dot.state.mn.us/aero/avof...creg/info.html)
I registered my Ercoupe in MN and paid the one-time fee.

"Greg Burkhart" wrote in message news:3E61b.216963$YN5.148805@sccrnsc01...

"If an antique or classic aircraft is owned and operated solely as a
collector's item"
(http://www.dot.state.mn.us/aero/avof...creg/info.html)
I registered my Ercoupe in MN and paid the one-time fee.

Greg, how does MN deal with homebuilts? According to that page,
you're required to register "when you acquire all or part of an
aircraft" - that *could* be construed as the first shipment of spruce
and plywood.

But since you're the manufacturer, and the registration fee is based
on the aircraft manufacturer's list price ... say I set a list price
of $1. What does the state do?

I suppose once it's flying they want you to register it as a
"recreational aircraft" for $25 annually. It'd be nice if a new
aircraft built from "classic" plans such as a Fly Baby or Pietenpol
would qualify for the one-time fee.

On Wed, 20 Aug 2003 07:18:10 -0700, "Stu Fields"
wrote:

Jim Weir: I believe that you made reference to an exemption from personal
property tax assessment on the basis of less than 5 aircraft of a specific
model being made? Can you provide a reference to the tax code where that
is defined? (I hope that this applies to California??)

In Michigan there is no personal tax on individually owned airplanes.
Sales tax when you purchase and a yearly registration which is based
on weight and far, far less than an automobile.

Roger Halstead (K8RI EN73 & ARRL Life Member)
www.rogerhalstead.com
N833R World's oldest Debonair? (S# CD-2)

Stu Fields