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State use and sales tax on experimental aircraftState use an

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Charles Heathco

Joined: 10 Jan 2006
Posts: 201

Posted: Mon Aug 11, 2008 4:43 am Post subject: State use and sales tax on experimental aircraftState use an

You can always give them wheat you consider to be  the value of the plane as I do.(low) they have never questioned it as it is a  homebuilt experimental (6a)

   [quote][b]

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Vanremog(at)aol.com
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Posted: Mon Aug 11, 2008 7:10 am Post subject: State use and sales tax on experimental aircraftState use an

In a message dated 8/11/2008 5:45:16 A.M. Pacific Daylight Time,  cheathco(at)cox.net writes:

  	  Quote: 	
		     You can always give them wheat you consider to be    the value of the plane as I do.(low) they have never questioned it as it is a    homebuilt experimental (6a)

	


 

 Do you give the wheat value as whole grain or do you just bake it into the  bread loaf equivalent and send it off?

  

 -GV



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  [quote][b]

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gyoung

Joined: 09 Jan 2006
Posts: 211
Location: Republic of Texas

Posted: Mon Aug 11, 2008 7:40 am Post subject: State use and sales tax on experimental aircraftState use an

No, just send them the  dough...

  



 [quote]    

   

       	  Quote: 	
		       You can always give them wheat you consider to be the value of the      plane as I do.(low) they have never questioned it as it is a homebuilt      experimental (6a)

	


   

   Do you give the wheat value as whole grain or do you just bake it into    the bread loaf equivalent and send it off?

    

   -GV

[b]

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marty.santic(at)gmail.com
Guest

Posted: Mon Aug 11, 2008 8:46 am Post subject: State use and sales tax on experimental aircraftState use an

Can anyone comment on what to do in the state of Iowa.  Will be starting a RV-12 this month.



On Mon, Aug 11, 2008 at 10:39 AM, Greg Young <gyoung(at)cs-sol.com (gyoung(at)cs-sol.com)> wrote:

 [quote]     No, just send them the  dough...

  



  	  Quote: 	
		      

   

       	  Quote: 	
		       You can always give them wheat you consider to be the value of the      plane as I do.(low) they have never questioned it as it is a homebuilt      experimental (6a)

	


   

   Do you give the wheat value as whole grain or do you just bake it into    the bread loaf equivalent and send it off?

    

   -GV



	


[b]

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cjensen(at)dts9000.com
Guest

Posted: Mon Aug 11, 2008 9:11 am Post subject: State use and sales tax on experimental aircraftState use an

Dress  warmly in the winter and keep hydrated in the summer.

  

 Chuck  Jensen 

 (formerly of Ringsted & Ames, IA, so I know whereof I  speak)

 

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Bruce(at)glasair.org
Guest

Posted: Mon Aug 11, 2008 9:42 am Post subject: State use and sales tax on experimental aircraftState use an

In most  states that have a use/sales tax on aircraft, the interest of the tax man  is triggered by the act of registering your airplane with the FAA. The FAA  provides a monthly data dump to all states that specifies the registration  activity in their respective states. This usually prompts a letter asking you to  prove you paid their use/sales tax.

  

 There are  several avenues to use to minimize your tax bite.

  

 The easiest  is to pay the tax on the first kits delivered. Make sure you document and save  the payment data. Then, when asked - usually several years later, just copy them  your file and most go away.

  

 Register your  airplane early, this starts the process before all the expensive bits are  added.

  

 Have  fun.

  

  

Bruce 

www.Glasair.org 

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 [quote]   

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RV4PatA(at)aol.com
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Posted: Mon Aug 11, 2008 7:07 pm Post subject: State use and sales tax on experimental aircraftState use an

As an Iowa RV owner, I would use the kit price as the total aircraft value  for taxes.



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