Return-Path: Received: from pop3.olsusa.com ([63.150.212.2] verified) by logan.com (CommuniGate Pro SMTP 3.4.5) with ESMTP id 764924 for rob@logan.com; Thu, 26 Apr 2001 08:03:43 -0400 Received: from web3303.mail.yahoo.com ([204.71.201.145]) by pop3.olsusa.com (Post.Office MTA v3.5.3 release 223 ID# 0-71175U5500L550S0V35) with SMTP id com for ; Thu, 26 Apr 2001 02:17:44 -0400 Received: from [64.170.155.73] by web3303.mail.yahoo.com; Wed, 25 Apr 2001 23:24:07 PDT Message-ID: <20010426062407.1770.qmail@web3303.mail.yahoo.com> Date: Wed, 25 Apr 2001 23:24:07 -0700 (PDT) From: Tammy and Mike Salzman Reply-To: n811es@pacbell.net Reply-To: lancair.list@olsusa.com Subject: Re: Taxes To: LIST LANCAIR MIME-Version: 1.0 Content-Type: text/plain; charset=us-ascii X-Mailing-List: lancair.list@olsusa.com <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>> << Lancair Builders' Mail List >> <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>> >> For the folks in California, Here is a link to the tax assessors' handbook section 577. http://www.boe.ca.gov/proptaxes/pdf/ah577.pdf It states, in section 4, for kit aircraft: "Once the kit is assembled and flown, it is an assessable aircraft. If you use the cost approach when valuing a kit aircraft, labor cost to assemble the aircraft must be added as an increment of value." Mike Salzman >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 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. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>