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Van Nuys Forum to Cover Tax Issues for Operators in Western States
June 16, 2014
The intricacies of aircraft tax policies – and how to navigate them to your advantage – will be the topic of an invaluable education session for aircraft owners and operators attending the NBAA Business Aviation Regional Forum on June 26 in Van Nuys, CA. The session will focus specifically on tax policies in the western states of California, Nevada, Washington and Oregon.
“State aviation tax policies are continually evolving, and business aircraft owners need to say ahead of the curve,” said Scott O’Brien, NBAA senior manager, finance and tax policy. “From learning how to properly use available exemptions to dealing with property taxes, this session will provide critical information for owners and operators.”
Aviation tax expert and CPA George Rice of Costa Mesa, CA-based Rice & Associates will be presenting the session titled “Western State Tax Issues for Aircraft Owners and Operators” at 11:30 a.m. on June 26. The forum will be held at the TWC Aviation and Signature Flight Support facilities at Van Nuys Airport (VNY).
“Aircraft owners and operators will greatly benefit by learning about key tax exemptions in the western states,” said Rice. “For instance, attendees will find out why Oregon is a popular state for aircraft transactions, and why a little-known regulation in Nevada may provide a potentially money-saving exemption for aircraft used in interstate commerce.”
Rice will discuss California’s aviation tax policies, including the state’s unique interstate commerce requirements as they apply to the state use tax regulations. He will also cover the details and documentation required for maintenance visits and other specific aspects of California’s sales and use tax law. Finally, property tax issues and related appeals will be discussed.