Fri, Mar 04, 2011
Personal Property Tax Would Affect All Aircraft, Sales Tax
Could Be Imposed On Maintenance
Connecticut Governor Dannal Malloy
(D) (pictured) has proposed a personal property tax on
aircraft that critics say will drive GA out of the state.
NBAA Regional Representative Dean Saucier tells ANN that Bill
6387 in the Connecticut House would tax all general aviation
aircraft at 70 percent of the value of the aircraft and charge a
tax on that valuation of 20 mils. Therefore on a $1 million
aircraft the tax will be $14,000, annually.
Bill 1007 in the state Senate would eliminate a tax exemption on
labor on the repair of aircraft weighing less than 6,000
pounds.
Saucier says NBAA sent out a survey to aircraft owners, piston
and turbine, to determine the impact the taxes would have on them.
They contacted CT legislators and each member of the Finance
Committee informing them of the impact of these Bills on jobs and
the CT economy, and contacted the Governor. NBAA got the CT
chapters of EAA and the Northeast Bonanza Society energized, and is
working closely with the Connecticut Business Aviation Group. The
organization is also involved with several legislators in an effort
to defeat the bills, and continues to gather data and provide it to
the legislators.
Saucier says that bill 6387 will be heard at the Legislative
Office building on 07 March, though no time has for the hearing has
been set as of publication. Bill 6387 will impose a personal
property tax on ALL aircraft BASED in Connecticut. He expects this
to probably be an all-day event, however, he says it is critical
that all affected persons attend this Hearing either to testify or
support those who will testify. The attendees will be the Finance
Committee who have the ability to either raise the Bill to a
legislative vote or terminate the Bill in Committee. It would be
better for all who are affected by the Bill, to have it terminated
in Committee.
A separate public hearing will be held at the Legislative Office
Building, adjacent to the State Capitol and the Armory on 07 March
to hear opinions on the Governor's 2011 budget. Specifically Bill
1007 will be heard. Saucier says that the NBAA's position on Bill
1007 is that the wording "Repair Services" in the Bill, is
ambiguous, at best. It is assumed to mean tax on labor and
not parts, however, because of the ambiguity, it's not really known
what the Bill will tax. Again, no time has been designated
for that hearing.
More News
"As previously announced on February 29th, our IM-1 mission ended seven days after landing, as Odysseus' mission was not intended to survive the harsh temperatures of the lunar nig>[...]
Marker Beacon An electronic navigation facility transmitting a 75 MHz vertical fan or boneshaped radiation pattern. Marker beacons are identified by their modulation frequency and >[...]
Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]
Also: Moron With A Laser, EAA Aviation Museum, FAA v Santa Monica Propeller Service, Frontier MEC Lauds FO Boom Supersonic has confirmed details surrounding the successful first te>[...]
We're Everywhere... Thanks To You! Even with the vast resources and incredibly far-reaching scope of the Aero-News Network, every now and then a story that should be reported on sl>[...]