Conklin & de Decker announces the release of their new 2011 State Tax Guide for General Aviation. Packed full of critical tax information, the State Tax Guide is a must-have reference tool for aircraft operators, accountants, dealers, brokers, aviation law professionals, and others who deal with State Taxes. The State Tax Guide contains the latest taxes and fees imposed on general aviation in all fifty states and addresses sales and use taxes applicable to aircraft sales, ownership, leases, parts, and labor.
In an effort to recoup shortfalls in 2010, numerous states looked to general aviation to increase taxes and this can be expected again in 2011. As the majority of the state legislatures are only in session for a few months a year, this can cause rapid changes in their tax laws. Users of the State Tax Guide stay informed of these changes by easily and regularly checking for updates via the software.
Included in the State Tax Guide are common exemptions from the state sales and/or use taxes such as common carrier, occasional sales, fly-away and trade-in credits. Applicable registration fees, personal property taxes, jet fuel and even aviation gasoline taxes are also covered. In addition to tax data, contact information for the Departments of Revenue and Aviation in each state is also included.
The State Tax Guide is PC based and has the ability to compare 3 states side by side which enables users to quickly compare tax rates and exemptions for the selected states. In addition, the subscriber receives downloadable updates throughout the year.
“State tax laws can change suddenly and, if not dealt with correctly, can really impact the cost of your aviation operation,” stated Nel Stubbs, vice president for Conklin & de Decker and veteran tax consultant. “The Conklin & de Decker State Tax Guide for General Aviation is an indispensable tool where we do all the research for you and make the information easy to access to save you time and keep you current on all state tax changes.”
A one-year subscription is $300 and is downloadable from the Conklin & de Decker website enabling subscribers to have instant access to this valuable data.
Conklin & de Decker, celebrating over 25 years in business, is a leader in aviation research, consulting and education with offices in Orleans, Massachusetts, Arlington, Texas and Phoenix, Arizona. The company, founded in 1984, focuses on fixed- and rotary- wing aircraft operating cost, performance and specification databases, maintenance management software, financial management, fleet planning, market research, aviation tax issues, and financial, tax and management seminars. Conklin & de Decker consult with numerous individuals, corporations and government agencies worldwide. More information on their products and services and copies of articles published can be found on their website, www.conklindd.com.