Thu, Dec 08, 2011
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 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.
The Association Continues To Grow And Engage Flying Enthusiasts EAA has reached a major milestone, as the association has surpassed 200,000 members. It appears that more and more p>[...]
Klyde Can't Miss The 'TSA Obnoxious Olympics' FMI: www.klydemorris.com>[...]
Also: Zenith Open Hangar Days, KSMO Nonsense, Recalled Devices, Piper M600, 800th TBM, NASAO, Commercial Space The pilot of the last piston airplane based at San Francisco Internat>[...]
"At this stage of the investigation, preliminary review of the data and debris suggests that a large breach in the cryogenic helium system of the second stage liquid oxygen tank to>[...]
'Anomaly' Resulted In Loss of Rocket, Payload and Extensive Launch Complex Damage As promised, SpaceX is starting to reveal details of their investigation into the catastrophic los>[...]