Sales tax due from seller?

"Nathan Young" wrote in message
...
On Thu, 19 Feb 2004 03:09:35 GMT, "Travis Marlatte"
wrote:

"Maurice Givens" wrote in message


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.

Nope. That was the rule change last year. Now, in Illinois, the buyer
owes
use tax even when buying from an indiviual. Again, I'm not a tax
expert.

Yep - Illinois use tax is 6.25% - details here.
http://makeashorterlink.com/?S17032377

First, I'd like to thank the State of Illinois for effectively
reducing the value of my aircraft by about 4%. (I'm assuming one can
write-off the use tax).

It's obvious why this tax was passed - in a down economy, it was a
chance for the State to pick up some 'free' revenue. How big is the
aircraft owner population? Certainly not big enough to fight passing
this kind of bill.

Use tax is such a huge scam. Every time a plane is sold, it generates
the 6.25% revenue for the State. I'd never thought of it before, but
use tax must be a tremendous deterrent to purchasing/selling a
high-end aircraft. I couldn't imagine paying $20k use tax on a used
Cirrus.

Worse, reading through the bill (linked above) little of the money
will flow back into the State's aviation system. 80% of the tax goes
to State's general revenue fund. 20% goes to a Local Government
Distributive Fund, which probably pays for a million other things
before paying for new runways and/or airport improvements.

-Nathan


Yup. God bless governor Rod Bla****usabunch...