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 Unlimited -- Recent Daily Episodes

Episode Date






Airborne On ANN

Airborne 10.17.16

Airborne 10.18.16

Airborne 10.19.16

Airborne 10.20.16

Airborne 10.21.16

Airborne Hi-Def On YouTube

Airborne 10.17.16

Airborne 10.18.16

Airborne 10.19.16

Airborne 10.20.16

Airborne 10.21.16

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.



More News

Airborne 10.21.16: NIMBYs Out Of Control, SMO Evictions On Hold, New Race Class

Also: CVR/FDR Expansion, Focusing On Santa Monica, NASAO Boss, GE9X Engine, 1000th H-60M, Verizon Drones, New LAS ATC A Transportation Safety Board of Canada team is currently inve>[...]

Aero-News: Quote of the Day (10.23.16)

Aero-News Quote of the Day "Think of this transition as changing an engine on a plane when it's inflight. Rolling out STARS in our nation's busiest airspaces, without disrupting ai>[...]

ANN's Daily Aero-Linx (10.23.16)

Aero Linx: The Society of United States Air Force Flight Surgeons (SoUSAFFS) SoUSAFFS was established in 1960 to more specifically support the USAF FS than AsMA at large could. Sin>[...]

ANN's Daily Aero-Term (10.23.16): Final Approach Point

Final Approach Point The point, applicable only to a nonprecision approach with no depicted FAF (such as an on airport VOR), where the aircraft is established inbound on the final >[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN!>[...]

blog comments powered by Disqus





© 2007 - 2016 Web Development & Design by Pauli Systems, LC