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STATE TAX aircraft


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17 minutes ago, Mike A said:

Tennessee is awesome, but heads up they expect to collect their 10% sales tax regardless of how long ago or where you lived when you purchased the plane.  They do give you credit for tax paid, but that was still a extra AMU that we didn't account for.  And you need to have proof of tax paid or you're on the hook for the full 10%.

 

https://www.tn.gov/content/dam/tn/revenue/documents/taxguides/salesanduse.pdf

Yeah, I saw that in my research. It won't take long to make up the difference between MO luxury taxes and TN lack there of. I like a lot of things about Missouri, but paying the state every year just because I have nice things isn't one of them. Hell, they aren't even that nice! Well, maybe the Mooney is... Thanks for the head's up Mike.

Cheers,
Rick

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No provincial or federal licensing fee for my airplane in Ontario, but 13% sales tax on everything for it, down to 8% sales on the insurance premium.  It seems that very government has its way of getting their hand in your pocket.

Clarence

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6 hours ago, Ragsf15e said:

Ouch.  Glad I don’t live there anymore.  Really like to visit though!

Be careful with that Kalifornia visit...you may well get a tax bill from our corrupt state:(

Then, YOU get to prove you don't have to pay it!

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32 minutes ago, DonMuncy said:

I'm glad I live in Texas.

+1.... pretty lucky, just paid $657.00 for our land lease and property tax on the hangar, and I'll get half that back this Friday when I have lunch with my partner. 

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13 hours ago, MikeOH said:

Be careful with that Kalifornia visit...you may well get a tax bill from our corrupt state:(

Then, YOU get to prove you don't have to pay it!

Certainly if you visit over New Years you're guaranteed to get a tax bill. Been there done that. One year I got a tax bill for 3 counties.

BTW: My son's name is Michael, lives here in California but went to Ohio State so I guess he's a "MikeOH" as well :)

-Robert 

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