Maine Legislature Thinks Better Of Aircraft Sales, Maintenance Taxes | 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 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

Airborne Hi-Def On YouTube

Airborne 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

Sat, Jun 25, 2011

Maine Legislature Thinks Better Of Aircraft Sales, Maintenance Taxes

One Sentence In Budget Document Eliminates Levies

The Maine legislature passed a budget this week that eliminates taxes for aircraft maintenance, the sale of aircraft and parts, and an onerous "use tax" ... putting the state on a level playing field for aviation taxes with other northeastern states.

Maine had a reputation for tracking down airplane owners and charging them a steep use tax if they brought their planes to the state for more than 20 days in the first year of ownership for any purpose other than maintenance. The tax amounted to five percent of the value of the airplane. It also collected a 5% tax on parts sold at Maine maintenance facilities, which sent owners to other states where no tax was collected.

Media sources including the Bangor Daily News report that a single sentence in the state's 620-page budget document eliminates those taxes. The Maine government estimates that it will cost the state a little over $600,000 per year, but independent studies indicate that other states which have enacted tax exemptions have seen growth in jobs and other revenue.


Kestrel

And the evidence of that might be nearly immediate. The owner of Maine Aviation Corp. told the Associated Press that he intends to begin construction on two new hangars and add 40 people to his workforce. The exemption is also expected to attract aviation-related businesses to the recently-closed Brunswick Naval Air Station, which is now under private management by the Midcoast Regional Redevelopment Authority. The new Kestrel aircraft company has already located at the former Navy facility, and they are hoping for much more.

FMI: www.maine.gov/legis

Advertisement

More News

A Whole Lot of OSH15 Awesome! 2015 EAA/ANN AirVenture Innovation Preview!

Get The Inside Details On THE Most Exciting NEW OSH15 Innovations And Product Announcements... in High-Def Aero-TV Video The staff of the Experimental Aircraft Association and the >[...]

Aero-News: Quote Of The Day (08.03.15)

"The opportunities for commercial tethered drones for security, infrastructure inspection and disaster response is tremendous and ASEC believes that by harnessing DAC's innovative >[...]

Annual Oshkosh 201 'Best/Worst Of' Award Selection Invites YOUR Participation!

YOU Can Contribute To The Annual List Compiled By The Staff and Readership of the ANN and Aero-TV! E-I-C Note: We're going to start naming names and dropping details in just a few >[...]

Airborne At OSH15 Day 5 Redux: Inhofe's Mission, NextGen GA Fund, New Kitfox

Also: Cicare 8, Switchblade Update, Beringer Alaskan Bush Gear, Jack Pelton Interview - Final E-I-C Note: Regularly Daily Airborne Unlimited Programming will resume this Monday now>[...]

Klyde Morris (08.03.15)

Klyde Finds A-POO Relying on Ted Stryker To Bail Them Out... FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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