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<< Lancair Builders' Mail List >>
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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
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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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