Kansas Legislature Considers Bill Exempting Tax On Homebuilts | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Wed, Mar 05, 2014

Kansas Legislature Considers Bill Exempting Tax On Homebuilts

Committee Hass Approved The Measure, Full House Vote Expected Soon

EAA is encouraging all Kansas EAA members to contact their state representatives and request support for H.B. 2542, which would exempt homebuilt aircraft from annual property tax assessment in the state. The bill recently passed through the House Committee on Taxation and will soon go to a vote on the House floor. If the bill passes the House, it will then move to the Senate for a vote.

Homebuilt aircraft owners in Kansas are at a financial disadvantage in comparison to other aircraft owners. Currently, Kansas state law exempts "business aircraft" and aircraft older than 30 years from property tax. Because the average age of the GA fleet is older than 30 years - and newer, more expensive aircraft are most often owned by businesses - Kansan homebuilders find themselves in the uncomfortable position of being amongst the very few in the state paying property taxes to own an aircraft.
 
"The rate of taxation varies from county to county, but some EAA members have told us that they are taxed at a rate of 4.5 percent of the aircraft's value every year," said Jonathan Harger, EAA government advocacy specialist. "That means a Sonex builder/owner with an aircraft worth $30,000 must pay $1,350 every year in property tax, while a pilot who owns a 1980 model Baron worth $150,000 pays nothing. This legislation seeks to correct that inequality."

While there is not yet a date scheduled for the bill to go to a vote on the House floor, EAA expects a vote within two weeks.

(Sonex pictured in file photo)

FMI: Kansas House Members

Advertisement

More News

ANN's Daily Aero-Term (05.09.24): Hold Procedure

Hold Procedure A predetermined maneuver which keeps aircraft within a specified airspace while awaiting further clearance from air traffic control. Also used during ground operatio>[...]

ANN's Daily Aero-Term (05.06.24): Altitude Readout

Altitude Readout An aircraft’s altitude, transmitted via the Mode C transponder feature, that is visually displayed in 100-foot increments on a radar scope having readout cap>[...]

ANN's Daily Aero-Linx (05.06.24)

Aero Linx: European Hang Gliding and Paragliding Union (EHPU) The general aim of the EHPU is to promote and protect hang gliding and paragliding in Europe. In order to achieve this>[...]

Airborne-NextGen 05.07.24: AI-Piloted F-16, AgEagle, 1st 2 WorldView Sats

Also: Skydio Chief, Uncle Sam Sues, Dash 7 magniX, OR UAS Accelerator US Secretary of the Air Force Frank Kendall was given a turn around the patch in the 'X-62A Variable In-flight>[...]

Aero-News: Quote of the Day (05.07.24)

"The need for innovation at speed and scale is greater than ever. The X-62A VISTA is a crucial platform in our efforts to develop, test and integrate AI, as well as to establish AI>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC