ArVeeNiner
Well Known Member
OK, I gotta ask. Last night, at our EAA meeting, a gentleman stated that since all homebuilts are one of a kind, unique aircraft, they are historically significant aircraft. Therefore, we can display them 12 times a year and be exempt from paying yearly property tax. Now, I do have to say I've wondered this myself but I would think that this kind of loop hole would be plugged pretty quickly. He went off about some guy who sucessfully sued over this and won.
Now, bear in mind that almost in the same breath, this guy also said that we don't have to pay any federal taxes. Tell that to Wesley Snipes. This guy has come up with some doozies at our meetings over the years so I'm not buying it.
But, I have to say, all homebuilts ARE unique...especially one off designs. We can take any RV (sans the 12), make a small mod, and have something that really isn't an RV-XX anymore. In fact, we can call it anything we want to. Now I don't believe that this kind of thing is really happening much out there but if not, why not?
Now please excuse me while I continue building my one of a kind Super Belchfire 5000 GT.![Big grin :D :D](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Now, bear in mind that almost in the same breath, this guy also said that we don't have to pay any federal taxes. Tell that to Wesley Snipes. This guy has come up with some doozies at our meetings over the years so I'm not buying it.
But, I have to say, all homebuilts ARE unique...especially one off designs. We can take any RV (sans the 12), make a small mod, and have something that really isn't an RV-XX anymore. In fact, we can call it anything we want to. Now I don't believe that this kind of thing is really happening much out there but if not, why not?
Now please excuse me while I continue building my one of a kind Super Belchfire 5000 GT.
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