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In Arkansas the seller is responsible for collecting and paying the sales
tax. I have bought two and sold one all in Arkansas. The second one I bought, I told the seller he was responsible for paying the sales tax. He said that wasnt the way it works....but 6 months later got a bill for sales tax for the sale (guess the FAA notifies the states when a change in registration take place). I think resellers (dealers) are exempt in Arkansas -- Mark Manes WC5I T310Q N28409 "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 --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.580 / Virus Database: 367 - Release Date: 2/6/2004 |
#2
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leave it to Arkansas to do things differently from everyone else...
but I guess that means if the seller took it out of state.. Arkansas would not collect.. hope he got credit for paying the Arkansas tax to the seller in his home state.. BT "Mark Manes" wrote in message ... In Arkansas the seller is responsible for collecting and paying the sales tax. I have bought two and sold one all in Arkansas. The second one I bought, I told the seller he was responsible for paying the sales tax. He said that wasnt the way it works....but 6 months later got a bill for sales tax for the sale (guess the FAA notifies the states when a change in registration take place). I think resellers (dealers) are exempt in Arkansas -- Mark Manes WC5I T310Q N28409 "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 --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.580 / Virus Database: 367 - Release Date: 2/6/2004 |
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