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You are here: Home / Archives for aircraft sales tax

PROPOSED LIMITATION OF ILLINOIS COMMON CARRIER TAX EXEMPTION

On April 12, 2013, the Illinois Senate passed SB2326, which at the time of this writing is now being considered by the Revenue and Finance Committee of the Illinois House.  Included in the bill is a significant change to the Illinois Common Carrier Tax Exemption (referred to as Illinois “Rolling Stock”) that should be of significant concern to the general aviation community.  The change would directly affect the following Illinois taxes: Use Tax; Service Use Tax;

 » Read more about: PROPOSED LIMITATION OF ILLINOIS COMMON CARRIER TAX EXEMPTION  »

Filed Under: Aircraft State and Local Tax, Front Page, Sales & Use Taxes Tagged With: aircraft sales tax, aircraft use tax, rolling stock exemption, Sales tax exemption, Use tax exemption

SUPPRESS YOUR N NUMBER – PRESERVE THE CONFIDENTIALITY OF YOUR FLIGHTS

Sales & Use Taxes, State and Local Taxation

Filed Under: Aircraft State and Local Tax, Sales & Use Taxes Tagged With: aircraft property tax, aircraft sales tax, aircraft use tax, flight blocking, flight tracking

CONTROLLING AIRCRAFT SALES TAX ON PURCHASES

Sales & Use Taxes, State and Local Taxation

Filed Under: Aircraft State and Local Tax, Sales & Use Taxes Tagged With: aircraft sales tax, aircraft use tax, casual sale exemption, common carrier exemption, corporate transactions, fly away exemption, interstate exemption, nexus, resale exemption, trade in allowance

Latest Article

Advocate Shareholder quoted as Aviation Tax Expert by the Wall Street Journal

Title: Tax Change Helps Executives Afford Pricier Planes

Author: Rachel Feintzeig – Sept. 12, 2018

Source: Wall Street Journal

The recent changes to the tax code are giving business executives a new perk: the opportunity to deduct the entirety of a corporate-jet purchase.

President Trump signed more than 100 changes to the U.S. tax code into law at the end of last year. Among them: The price of a new or used airplane purchased by a company can be a 100% write-off against its earnings.

 » Read more about: Advocate Shareholder quoted as Aviation Tax Expert by the Wall Street Journal  »

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Advocate Consulting Legal Group, PLLC. 3555 Kraft Rd. Suite 240 Naples, FL 34105 and 1300 N. Westshore Blvd. Suite 220 Tampa, FL 33607. Suzanne Meiners-Levy, Esq. (239) 213-0066. Tax Disclosure. We inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under federal tax laws, specifically including the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.Privacy Policy. Terms of Use.