To: lancair.list@olsusa.com
Date: Wed, 25 Apr 2001 08:26:36 -0600
Subject: Re:Taxes
Message-ID: <20010425.082636.-295869.0.refroelich@juno.com>
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From: refroelich@juno.com
Reply-To: lancair.list@olsusa.com

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Utah annual tax is down to 0.4 per cent of current value.  Current value
is based upon date of purchase of kit minus yearly depreciation.  When we
reduced the annual tax from 1.0 per cent stepwise to the current 0.4 per
cent three years ago we planned to get the tax to zero.  The tax goes to
the county and it is not worth their while to collect it.  It costs the
county more in salary of the clerk than they obtain in taxes.  

The offset to sell the above package to the legislature was an increase
in aviation fuel taxes from 4 cents to 9 cents per gallon which is used
to improve airports.  

We still have Utah corporate jet aircraft based in Wyoming and Idaho to
avoid Utah taxes.

Bob

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LML website:   http://www.olsusa.com/Users/Mkaye/maillist.html
LML Builders' Bookstore:   http://www.buildersbooks.com/lancair

Please send your photos and drawings to marvkaye@olsusa.com.
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