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In Rhode lsland, the buyer is responsible for a sales or use tax. Doesn't matter who or where you bought it from.
I think they nail you even if you've owned the airplane then move it into the state. Maurice Givens wrote: Nathan Young wrote in message . .. Hello. I live in Illinois. I am in the process of selling my Cherokee 180. Does anyone know if there are sales tax implications for the seller? Does it matter if I sell the plane in-state, out-of-state, or to a corporation? When I purchased, I bought the plane from an individual who lived in Illinois (and based the plane here), so no sales tax was due. Thanks, Nathan Nathan, I'm based in Illinois also. The buyer is liable for the sales tax. If the aircraft is purchased from an indivual (rather than a broker or dealer, etc.) the sales tax is waived. Of course the standard disclaimers apply, you know, check with a tax consultant, attorney, etc. -- --Ray Andraka, P.E. President, the Andraka Consulting Group, Inc. 401/884-7930 Fax 401/884-7950 http://www.andraka.com "They that give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." -Benjamin Franklin, 1759 |
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