Mailing List lml@lancaironline.net Message #9451
From: Tammy and Mike Salzman <arrow54t@yahoo.com>
Subject: Re: Taxes
Date: Wed, 25 Apr 2001 23:24:07 -0700 (PDT)
To: LIST LANCAIR <lancair.list@olsusa.com>
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For the folks in California, Here is a link to
the tax assessors' handbook section 577.

http://www.boe.ca.gov/proptaxes/pdf/ah577.pdf

It states, in section 4, for kit aircraft:  "Once
the kit is assembled and flown, it is an
assessable aircraft.  If you use the cost
approach when valuing a kit aircraft, labor cost
to assemble the aircraft must be added as an
increment of value."
Mike Salzman






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