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<< Lancair Builders' Mail List >>
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> I understand that we incur a tax liability when we first register our
> finished kits
Good morning Rob,
Actually I believe that you incur a tax liability at the time of purchase of
your kit. Bob Smiley's approach is the best. Pay your sales tax when you
purchase the kit. Register it early, it doesn't have to be finished to
register it. As a matter of fact, you can get your N number and register it
before you open the crate. That way the state's computers will show that
the tax has been paid on that particular airplane and it is unlikely that
they will bother you further.
Bill Harrelson
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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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