Florida legislature aims to correct aircraft tax law
The Florida legislature is moving one step closer to correcting a tax law that has left some aircraft owners with big tax bills. The state Department of Revenue has recently been charging Florida use tax on any airplane that is brought to the state within six months of being bought if the owner did not pay at least 6-percent sales tax at the time of purchase. The House on April 30 passed AOPA-backed legislation (H.B.1379) that would exempt aircraft owned by nonresidents from the use tax. But there is a stipulation. Read more on AOPA Online.
May 2, 2008