Last updated: • Not tax advice
Overview
New York may impose sales or use tax on aircraft purchases depending on delivery, registration, and use. Rules evolve—consult official sources and a qualified CPA.
Key Concepts
- Delivery and first use location influence taxability.
- Possible exemptions for certain uses; documentation requirements vary.
- Keep detailed logs, delivery evidence, invoices, and filings.
Official Resources
See the New York State Department of Taxation and Finance: tax.ny.gov. Also review IRS and NBAA tax resources.
Financing & Planning
Coordinate with escrow and lender if taxes are financed. Model cash flow in the calculator; align cadence with tax outlays and reserves. Related reading: Section 179 & Bonus Depreciation, Title, Liens, Escrow & Closing.