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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 03.02.15

Airborne 03.03.15

Airborne 03.04.15

Airborne 03.05.15

Airborne 02.27.15

Airborne Hi-Def On YouTube

Airborne 03.02.15

Airborne 03.03.15

Airborne 03.04.15

Airborne 03.05.15

Airborne 02.27.15

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

Airborne 03.05.15: AW609 Milestone, EASA Cert: S-76D, UAVs Coming To Oshkosh!

Also: SAFE, PC-12 Theft Thwarted, MyGoFlight Heli Solutions, Updated: Bell 412EPI, Big Bell 'Relentless' Deal The AgustaWestland AW609 TiltRotor program has achieved a key mileston>[...]

Harrison Ford Injured In Forced Landing

Actor, Pilot, And Aviation Advocate Went Down On A California Golf Course Harrison Ford sustained moderate injuries Thursday when the the airplane he was piloting ... which appears>[...]

AeroSports Update: The Only Ice Runway In The Lower 48 Is Open

Winter Weather Can Sometimes Put A Crimp On Recreational Flying Unless You Have Snow Skis, Tundra Tires, Or An Ice Runway The question is; what does Alton Bay, NH have in common wi>[...]

Delta Jet Slides Off Runway At LaGuardia Airport

No Injuries Among The 127 Passengers Aboard The MD-88 A Delta Airlines MD-88 with 127 passengers and five crew on board arriving from Atlanta skidded off the runway at LaGuardia Ai>[...]

ANN's Daily Aero-Linx (03.06.15)

Flying Stuart Little's Airplane Got a little one at home? Try your tyke out on the free online airplane game, "Flying Stuart Little's Aeroplane.">[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC