California shuts tax law loophole | Aviation International News

Regulations and Government

California shuts tax law loophole

California has amended its aircraft sales and use tax law, essentially closing a loophole that allowed buyers of aircraft and other big-ticket items to esc

By AIN Staff • AIN Staff

March 15, 2007

California has amended its aircraft sales and use tax law, essentially closing a loophole that allowed buyers of aircraft and other big-ticket items to escape paying sales taxes.

Under the previous law, aircraft purchased outside California and brought into the state within 90 days were subject to use tax. This allowed California aircraft owners to avoid the 7.5-percent tax by keeping newly purchased aircraft outside the state for the first 90 days of ownership.

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