Originally published at: Washington Aviation Coalition Responds to New Aircraft Tax
Industry stakeholders seek broader dialogue with state leaders following passage of Senate Bill 5801.
Did it occur to the lawmakers that anyone that has the resources to buy (or finance) an aircraft worth $500k also has a second dwelling in another state and will simply register the aircraft in that state instead?
Maine, or a nearby state, decades ago, decided to do that, but with boats (yachts) built in the state. There were several builders in the state. Buyers concluded they could, instead, fly to France, buy their boat there, hire a crew to bring it across the pond. Far cheaper than buying local. Put the boat builders out of business. Cost more money to collect the taxes than they collected.
Pull your heads out lawmakers…
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