AIRCRAFT, VESSEL & VEHICLE TAX EXEMPTIONS
Call (916) 369-1200 for your FREE CONSULTATION
Frequent Errors:
Often, there are mistakes made in interpreting the sales and use tax law that will make aircraft, vessel and vehicle purchases taxable, when in fact, the purchase could have been exempt if structured correctly. Our tax exemption program is designed to eliminate these and other errors that can occur throughout the exemption process to ensure success. Some of the most frequent errors are:
* Relying on verbal misinformation from a Board employee, Salesman, Broker or friend.
* Believing that placing an aircraft on a FAR Part 135 certificate guarantees an exemption.
* Keeping property outside California for 12 months does not guarantee an exemption.
* Not retaining adequate documentation to prove your storage and use patterns.
* Not retaining adequate business support for your use.
* An offshore or out of state delivery does not guarantee an exemption.
* Misunderstanding what the "first functional use" requirements are.
* Directly or indirectly taking delivery inside of California.
* Non-profit or other privileged organizations are not automatically exempt.
* Registering your property out of state does not guarantee an exemption.
* Forming a Delaware, Oregon, Alaska, Montana or New Hampshire Corporation/LLC.
* Providing conflicting documentation to the Board.
For more information about our guarantees you may contact us at (916) 369-1200 for a No Cost, No Obligation Consultation.