REFLECTOR:A TOUCHY SUBJECT!

[Jim Agnew]

In Florida they consider paying the tax on the kit as the
plane tax.  The asumption is that you pay the tax on the
added components as you purchase them so the value of the
newly registered (not completed aircraft) is the kit price.

Jim

--- Tom Martino <tmartino@troubleshooter.com> wrote:
> I hesitate to bring this up ... but it something we all
> have to face.  Whenever Iregister a plane with the FAA, I
> get a notice shortly after from the State Revenue
> Department wanting SALES TAX!  If you don't come up with
> what they consider to be "fair market value", they assess
> a value and make you pay taxes on that!
>  
> This is my first homebuilt.  How have you guys valued the
> plane for tax purposes?
> 


=====
James F. Agnew
Jim_Agnew_2@Yahoo.Com
Tampa, FL
Velocity 173 Elite Aircraft Completed