Sales Tax Rate – 4.5%; plus 0-6.35% local taxes
Possible exemptions to sales tax and other non-sales related taxes –
Casual Sale “Yard Sale Rule” | No |
Fly Away Rule | Limited to sale price over $2.5M |
Trade In Value | No |
Credit for Tax Paid | Yes |
MX Parts Exemption | Yes |
MX Labor Exemption | Yes |
Aircraft Registration Fee | Yes; Tiered on type and weight |
Personal Property Tax | No |
Jet Fuel Tax | Excise; ($0.0008) |
AvGas Tax | Excise; ($0.0008) |
Dedicated Aviation Fund | Yes |
Unique to State Taxes | An aircraft excise tax is levied upon transfer of legal ownership |