Paper Boosts NY BizAv In Op Ed | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 07.31.14/Oshkosh Day 4! ** HD iPad-Friendly Version--Airborne 07.31.14/Oshkosh Day 4 **
** Airborne 07.30.14/Oshkosh Day 3! ** HD iPad-Friendly Version--Airborne 07.30.14/Oshkosh Day 3 **
** Airborne 07.29.14/Oshkosh Day 2! ** HD iPad-Friendly Version--Airborne 07.29.14/Oshkosh Day 2 **
** Airborne 07.28.14/Oshkosh Day 1! ** HD iPad-Friendly Version--Airborne 07.28.14/Oshkosh Day 1 **

Thu, Dec 08, 2011

Paper Boosts NY BizAv In Op Ed

Newsday Calls For Changes In The State Tax Code To Make Ownership Less Expensive

An editorial published in the New York publication Newsday calls for the state's legislature to support a bill which exempts private aircraft from a tax when they are moved to New York from another state.

The bill passed the State Senate in July. In the editorial, the paper indicates that the tax imposed on airplanes bought outside New York but moved there permanently is based on the market value of the airplane rather than the purchase price. Buyers pay a sales tax based on the purchase price when the plane is purchased in state. The tax brings between $3 and $15 million to the state per year, which Newsday calls "small potatoes."

Because there is no sales tax on private airplanes in neighboring states such as Connecticut, that's where the planes, and the revenue and business they generate, are kept, according to the piece.

The editorial writers say exempting the planes from sales taxes is the logical next step after the New York legislature cut the tax on aircraft maintenance.

The bill has yet to pass the New York State Assembly.

FMY: http://assembly.state.ny.us/

Advertisement

More News

ICON Aircraft Constructs And Flies First Production A5

ESN-1 Was Built From The Production Design, Tooling After years of waiting... and doubting... ICON Aircraft has unveiled what it says is the first production A5, an aircraft the co>[...]

Airborne 07.30.14: WomenVenture 2014, Skycraft Update, IMC Club Award

Also: AvNav EFB, Lockheed Martin, One Week Wonder Update, Pelton Intvw-Part3 It was hard to miss the energy, enthusiasm, and interest in aviation by hundreds of women celebrating a>[...]

EAA Holds Annual Meeting

Membership Feels Flight Path Still On The Center Line EAA held its annual membership meeting on Wednesday, at 08:30 on 30 July 2014 at Oshkosh, WI. in the Theater of the Woods. In >[...]

Historic OSH2014 Sponsor: Bendix-King by Honeywell

OSH2014 Sponsor: Bendix-King by Honeywell The history of the Bendix name runs parallel to the development of King Radio until the mid-1980s, when the Allied Corporation purchased B>[...]

Life-Saving OSH2014 Sponsor: BRS Parachutes

BRS Parachutes: Defining Aviation Safety It's a simple idea, really. A parachute which will, when deployed, turn what could be a very bad situation into one in which not only the o>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC