3. STATE SALES AND USE TAX

The state sales tax is generally the first tax that should be considered in planning any aircraft acquisition. The aircraft seller has an interest in seeing that the sales taxes are properly collected. The aircraft purchaser has an interest in structuring the transaction to minimize liability for both sales and use taxes.

3.01 General Principles

3.02 Computation of the Tax

3.03 Sales Tax Concerns of Seller

3.04 Sales Tax Concerns of Purchaser

3.05 Use Tax Concerns of Seller

3.06 Use Tax Concerns of Purchaser

3.07 Using a Leasing Company to Defer or Avoid Taxes

3.08 Other Sales and Use Tax Issues