Kansas Legislature Considers Bill Exempting Tax On Homebuilts | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.22.24

Airborne-Unlimited-04.16.24

Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

Wed, Mar 05, 2014

Kansas Legislature Considers Bill Exempting Tax On Homebuilts

Committee Hass Approved The Measure, Full House Vote Expected Soon

EAA is encouraging all Kansas EAA members to contact their state representatives and request support for H.B. 2542, which would exempt homebuilt aircraft from annual property tax assessment in the state. The bill recently passed through the House Committee on Taxation and will soon go to a vote on the House floor. If the bill passes the House, it will then move to the Senate for a vote.

Homebuilt aircraft owners in Kansas are at a financial disadvantage in comparison to other aircraft owners. Currently, Kansas state law exempts "business aircraft" and aircraft older than 30 years from property tax. Because the average age of the GA fleet is older than 30 years - and newer, more expensive aircraft are most often owned by businesses - Kansan homebuilders find themselves in the uncomfortable position of being amongst the very few in the state paying property taxes to own an aircraft.
 
"The rate of taxation varies from county to county, but some EAA members have told us that they are taxed at a rate of 4.5 percent of the aircraft's value every year," said Jonathan Harger, EAA government advocacy specialist. "That means a Sonex builder/owner with an aircraft worth $30,000 must pay $1,350 every year in property tax, while a pilot who owns a 1980 model Baron worth $150,000 pays nothing. This legislation seeks to correct that inequality."

While there is not yet a date scheduled for the bill to go to a vote on the House floor, EAA expects a vote within two weeks.

(Sonex pictured in file photo)

FMI: Kansas House Members

Advertisement

More News

ANN's Daily Aero-Term (04.26.24): DETRESFA (Distress Phrase)

DETRESFA (Distress Phrase) The code word used to designate an emergency phase wherein there is reasonable certainty that an aircraft and its occupants are threatened by grave and i>[...]

ANN's Daily Aero-Linx (04.26.24)

Aero Linx: The International Association of Missionary Aviation (IAMA) The International Association of Missionary Aviation (IAMA) is comprised of Mission organizations, flight sch>[...]

Airborne 04.22.24: Rotor X Worsens, Airport Fees 4 FNB?, USMC Drone Pilot

Also: EP Systems' Battery, Boeing SAF, Repeat TBM 960 Order, Japan Coast Guard H225 Buy Despite nearly 100 complaints totaling millions of dollars of potential fraud, combined with>[...]

Airborne 04.24.24: INTEGRAL E, Elixir USA, M700 RVSM

Also: Viasat-uAvionix, UL94 Fuel Investigation, AF Materiel Command, NTSB Safety Alert Norges Luftsportforbund chose Aura Aero's little 2-seater in electric trim for their next gli>[...]

Airborne-NextGen 04.23.24: UAVOS UVH 170, magni650 Engine, World eVTOL Directory

Also: Moya Delivery Drone, USMC Drone Pilot, Inversion RAY Reentry Vehicle, RapidFlight UAVOS has recently achieved a significant milestone in public safety and emergency services >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC