From: ByronMFox@aol.com
Message-ID: <a5.e03b64c.27540300@aol.com>
Date: Mon, 27 Nov 2000 13:33:36 EST
Subject: Re: Sales Tax
To: lancair.list@olsusa.com
Reply-To: lancair.list@olsusa.com
Mime-Version: 1.0

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Hi Rob:

I bought my 320 and brought it to California in January 1999.  The state 
sales tax folks finally caught up with me and I just paid 7+% of the $75,000 
purchase price.  The other recent sale that I'm aware of is Lee Behel's 360.  
He was asking $85,000, but I don't know what the actual sales price was.  I 
believe the state will try to determine the market value of your airplane 
based on comparables.  So, you're looking at +/- $5,600 less whatever sales 
taxes you have already paid.

Incidentally, my tax bill came to $6,431 including penalties and interest for 
not advising the State Board of Equalization that I brought the plane into 
the state a year and a half ago.  Confession is good for the soul.
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LML website:   http://www.olsusa.com/Users/Mkaye/maillist.html
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Please send your photos and drawings to marvkaye@olsusa.com.
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