4.02 Annual Registration Tax

Many states impose an annual aircraft registration tax, which is in lieu of the property tax. In many cases the registration tax is lower than the general rate of tax. In those states, failure to register the aircraft can mean that the taxpayer is not entitled to take advantage of the lower rates.1

  1. See, e.g., First Security Bank of Idaho, N.A., 735 P.2d 1044 (Idaho App. 1986); Cincinnati Air Taxi, Inc., 180 N.E.2d 17 (Ohio 1962).