What You Get
The 2012 Aviation Business Tax Update provides a CPA's guidance on the affect of bonus depreciation available for qualifying business aircraft placed in service in 2012 and how to to acquire and hold aircraft for business use.
Five states do not impose Sales Tax including: Oregon, New Hampshire, Montana, Delaware and Alaska while Massachusetts and Rhode Island exclude aircraft from a sales tax. Be careful, purchasing in one of these states yet hangaring in another could be subject to a use tax liability. There are ways to structure the transaction to avoid thousands of dollars in sales and use tax.