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#11
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How is the term "aircraft" defined? If aircraft have engines, and
gliders do not, then gliders are exempt. Gliders are "worthless" without some sort of external takeoff source. Would this argument work? "BTIZ" wrote in message news:HB87c.20094$Nj.953@fed1read01... if the tax law says ... personal property.. it's taxable if it specifies.. "aircraft".. it's taxable.. |
#12
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#13
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according to the US AIM/FAR
any thing in the air is an "Aircraft" airplanes have power gliders glide.. but the definition that counts is in the tax book BT "James" wrote in message om... How is the term "aircraft" defined? If aircraft have engines, and gliders do not, then gliders are exempt. Gliders are "worthless" without some sort of external takeoff source. Would this argument work? "BTIZ" wrote in message news:HB87c.20094$Nj.953@fed1read01... if the tax law says ... personal property.. it's taxable if it specifies.. "aircraft".. it's taxable.. |
#14
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"BTIZ" wrote
A $100K value aircraft pays the same tax rate as a $100K house, in this state/county anyway. But the aircraft "depreciates" on the tax rolls, and the house "appreciates". BT Consider yourself lucky. In Kansas (Yes, home to The Air Capital of The World), airplanes are taxed at THREE TIMES the rate of houses. Here, 120K home pays about $1600 per year. So, an ASH-25 would have to pay almost $5K/year. But, if it is over 30 years old, it is eligible for exemption. Wanna guess the age of my gliders? My 604 turned 31 last month. Happy Birthday to you.... Steve Leonard Wichita, KS |
#15
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In New Jersey, the tax collector hit us up within 2 months. The letter wasn't
exactly friendly. They wanted to know why we didn't pay the tax already.... First they didn't believe the price paid for the 1-26, and we had to show proof of purchase, copies of checks front and back..... Then we had to send in a check, and appeal the bill afterwards. After many phone calls and letters, we received a Refund. It seems that the tax code is vague. We felt that since planes are registered at a Federal level, the question of States being able to tax a Federal transaction comes into play. Lastly, we purchased the glider from a club, Non Profit Org....and all that, so there was another point in our favor. Good luck. Douglas |
#16
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I think all of you are pretty lucky. In Idaho we pay a one time sales
tax of 6% and it only takes the state about 2 weeks from FAA registration date to send a tax notice. The big part is the annual fee, it is a killer. $0.01 per LB of max all up weight, $11.02 for my ASW 27. This fee is used for search/rescue, airport maint and payroll at the State Aviation Dept. If one neglects to pay this little thing, then they get a notice for personal property tax which would be about $1,000 a year on my ship. Once one gets on the personal property tax roll it takes an act of someone who stays anonomous so one never can get it off. Needless to say, my check for the #11.02 is paid early in January. Tom |
#17
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Can on register the plane in Idaho ($11.02 is a steal) and keep it and fly it
in CA ? Cheers anyhow, Charles |
#18
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#19
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When I bought 1-26 #309 in Riverside County, it took a couple of years
for the previous owner to report the sale to them, then I got a bill, then I started keeping it in L.A. County (hangar). Mark, pay attention, there's a huge penalty for not paying, but if you point out that you bought a GLIDER from a PRIVATE INDIVIDUAL (not an aircraft dealer, or a business), the "sales tax & penalty" are waived or do not apply (whatever the proper legalese is for this). You'll get a questionaire from the assessor each and every year, in case you overhaul the engine, add radios, "restore" something... I don't know if you can claim depreciation for damage or repairs -- I commented on the last questionaire that my ship needed recovering and paint... Over the last three years, my bill has been $51.44, $51.41 and $40.01 -- go figure on the drop. I keep copies of the questionaire for reference as it always asks when purchased and for how much. On the stated value of $5500.00, that works out to about 1% tax. Another good reason to fly a 1-26? (As if _I_ needed one!). I remarked on the questionaire that "1-26 values have been falling..." I have NO idea if this helped, but ten bucks is ten bucks (a pattern tow?). ALSO: keep the TRAILER out of the equation!!! You're already paying exobitant California "property" tax on your vehicles through DMV. For those not familiar with CA politics, the recalled governor raised my Honda Odyssey "propety tax" (DMV registration fees, etc.) from $229.00 per year to $497.00 on a 3 year old $33,000.00 minivan. That is only one of the reasons I voted for Arnold despite wanting to see Davis stew in his political juices for the full term, then really get run out of Sacramento on a rail. Oops, that's bordering on politics -- really guys, I'm just trying to explain the taxes... And you thought soaring avoided taxes because we use nature, don't make noise and have pretty ships... -Pete #309 |
#20
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126Flyr wrote:
For those not familiar with CA politics, the recalled governor raised my Honda Odyssey "propety tax" (DMV registration fees, etc.) from $229.00 per year to $497.00 on a 3 year old $33,000.00 minivan. That is only one of the reasons I voted for Arnold despite wanting to see Davis stew in his political juices for the full term, then really get run out of Sacramento on a rail. Oops, that's bordering on politics -- really guys, I'm just trying to explain the taxes... I know many Californians like to forget this, but Davis did not *raise* the auto "property tax", it was *lowered* a few years back when California had a huge tax surplus, then Davis *restored* it to its former levels when the surplus went away. But, why let reality get in the way of electing Arnold... Marc |
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