General aviation-friendly budget would repeal notorious Maine use tax

June 13, 2011 at 8:49 am | Posted in Aviation Law Current Event | Leave a comment

by Sara M. Langston with the blog faculty

Source: AOPA

Flying into Maine could go from a costly tax gamble to an enticing proposition under a bipartisan budget up for vote in the state legislature.

The Maine Legislature’s Appropriations and Financial Affairs Committee agreed on a budget in the early hours of June 10 that would repeal a use tax that can slap out-of-state owners of new aircraft with bills for up to 5 percent of the aircraft’s value. The budget also would add a complete sales tax exemption on aircraft sales and parts for all aircraft owners. The agreement is a dramatic shift for Maine, which notoriously hit one out-of-state aircraft owner with a nearly $26,000 bill for visiting the state in his Cirrus SR22. [Full story]

Leave a Comment »

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Blog at
Entries and comments feeds.

%d bloggers like this: