N.Y. aircraft owners get tax break

August 19, 2004

N.Y. aircraft owners get tax break

Good news for aircraft owners in the Empire State. GA aircraft are now exempt from New York state sales and use taxes on repairs, overhauls, and restoration. The law also exempts aircraft parts from sales tax. This tax break had been a top AOPA legislative priority (see " AOPA fights for GA tax break in New York"). AOPA Northeast Regional Representative Craig Dotlo and AOPA Vice President of Regional Affairs Roger Cohen lobbied New York lawmakers and state officials. AOPA also worked closely with the New York Aviation Management Association on the initiative.

"This puts New York on a par with neighboring states and will keep business in New York," said Cohen. "It will save aircraft owners up to $3 million a year."

The law takes effect December 1.

August 19, 2004