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Wednesday, June 10, 2009

Fractional Operator Granted Sales Tax Exemption

The New York state Department of Taxation and Finance ruled in favor of Associated Aircraft Group to remain exempt from an 8-1/8 percent sales tax that the N.Y. State Senate felt applied to the company’s operation, in spite of a large portion of the business being a fractional helicopter service. The Senate had deemed that the Dutchess County company was in the business of selling aircraft, and was therefore required to pay the tax. AAG was granted a hearing on the matter, resulting in the determination that the 11 helicopters used in its fractional business amount to a service, not an aircraft sale, making that side of the operation exempt from the sales tax imposed by the Senate. For additional information

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