LettersFromFlyoverCountry
Well Known Member
Looking for some information from Minnesota builders. What happens when you register your just-completed project? Do you get a bill from the state for sales tax? For property tax? When? etc. Thanks.
Looking for some information from Minnesota builders. What happens when you register your just-completed project? Do you get a bill from the state for sales tax? For property tax? When? etc. Thanks.
Hi Bob:
I just finished this process with my RV-7. First I sent in the FAA application for registration and received that back in less than 2 weeks so now N722DW was officially registered with the Feds. Then I went to the MN DOT's website and downloaded the Aircraft Registration Form. You fill that out and you will note on the form that MN wants 6.875% of the cost of the kit, engine, and prop. Fill out the form, write the big check (ouch!) to the Commissioner of Transportation, send it in. A week later I get the bill for the actual aircraft registration ($405). And I see that just as soon as I sent in my sales tax, the state of MN announced a budget surplus!!! As a Wisconsin resident, I was SOOOO glad to help my neighboring state on the road to fiscal health!!!!!
I think Minnesota and Wisconsin have a tax reciprocity agreement, or at least they did.
Oh, and for those who stumble across this thread later, here's the form Doug (and also a hat tip to David Maib) was talking about.
I don't suppose I can get away with saying this is a glider...
Wondering if anyone can tell me how it works in NY State. Talked with my accountant and he seems to think I should pay the 8% on the 26g's I have out for the 12 now.
Just wondering if others have paid on the kits as you buy or upon registration?