Tue, Jun 26, 2007
Aero-News: Quote of the Day
ANN's Quote
of the Day usually derives from current news, though we reserve the
right to pick quotes out of history that have a bearing on the
day's events and issues.
Sometimes, you'll find them timely and in keeping with the
content of the day's news... and sometimes, they'll just be
thought-provoking.
Reader suggestions and comments are welcome... and if
particularly intriguing, timely, or poignant, may themselves become
future Quotes of the Day.
Let us hear from you, folks!
Aero-News Quote of the Day
"If you own a plane and a summer home here, or have
relatives here and you want to come and visit for month, you're not
going do that. The state must want these people not to come here.
And they won't, because they're afraid they're going to get nailed
on a use tax on their airplane."
Source: Bill Perry, owner of several
aviation-related businesses at Maine's Augusta State Airport. A
2005 revision to Maine's tax policy became effective January 1,
that levies taxes on new aircraft owners if their planes spend more
than 20 days a year on the ground there. Like a similar plan in
Florida, it is intended to discourage residents of the state from
purchasing planes in states with lesser sales tax, then flying them
back home to Maine. The tax -- up to five percent of the aircraft's
purchase price -- also applies to out-of-state owners who purchased
aircraft within the past 12 months, and then flew those planes to
Maine, even if they don't plan to stay there.
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