REFLECTOR: FLORIDA OFFICIALS GOING AFTER AIRCRAFT SALES, USE TAXES
Jim Agnew
jim_agnew_2 at yahoo.com
Sat Feb 4 10:19:45 CST 2006
Take Note!
~~~ AOPA Close to Home ~~~
FLORIDA OFFICIALS GOING AFTER AIRCRAFT SALES, USE TAXES
Members are alerting AOPA to a recurring situation in Florida where
the state, in reviewing its information on recent FAA aircraft
registrations, is aggressively seeking sales or use taxes from new
aircraft owners who may not have already paid. Typically, for newly
constructed experimental aircraft, owners are only required to pay tax
on the parts, not the builder's labor. However, if you register the
aircraft before completion, you can be responsible for taxes as of the
registration date unless you prove otherwise. As always, check with
your financial advisor for details. AOPA's Pilot's Guide to Taxes
( http://www.aopa.org/members/files/guides/tax_guide.html ) has a listing
of Web sites for revenue departments in all states and phone numbers
to aid you or your accounting professional.
James F. Agnew Jim_Agnew_2 at Yahoo.Com Tampa, FL Velocity 173 Elite Aircraft Completed & Flying
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