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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