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<< Lancair Builders' Mail List >>
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After reading all the advice on the list regarding paying sales tax early
rather than wait until you're flying, I called California's Board of
Equalization today to see if I could pay now rather than later. The call
was quite fortuitous.
The man I spoke with first asked me when I bought my kit. When I told
him March, 2000, he said that I had to have paid the sales tax by the end of
March, 2001 and that I was now subject to a penalty and interest. I
explained that the same agency told me last year before I picked up the kit
that I didn't have to pay until the plane was flying, at which time the
state would come up with a value and assess the tax. He said that was wrong
and that if I paid now, he'd give me instructions on how to request relief
for the late penalty, but I was subject to interest on the outstanding
amount from the date it was due.
The conversation then turned to determining how much I owed and all he
wanted to know was how much I paid for the kit. I told him and he gave me a
tax on only that amount. I told him that I'd bought a used engine as well
and he wasn't interested in that. I asked if I'd be reassessed at a later
date on anything else and he said NO!
My initial irritation at having to pay about $42 in interst was overcome
by the elation that my sales tax bill was about $8-10K less that I'd feared
it would be by the time the plane's finished.
Anyone building in California that hasn't paid sales tax would be well
advised to check into this before being surprised as I was. If anyone's
interested, the man I spoke with at the Board of Equalization was named Mr.
Perry, phone number 916-445-0066.
Skip Slater
~60% IO-540 ES
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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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