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Aircraft purchase and sales tax exemption?
Hi,
I am a student pilot (21 hours) looking to buy an airplane. I just read something regarding the Texas tax policy that states that students are exempt from sales taxes if they are in an FAA-approved flight school and are diligently pursuing a pilot certificate. Anyone know if this is a clear-cut as it seems?
I am looking at a $ 56,000 airplane and this would save me the 8.25% texas sales tax.
Here is what it says:
"Students
A student enrolled in an FAA-approved program may claim a tax exemption when renting aircraft for flight training, including solo flights that are approved (as evidenced by written endorsement in the student's logbook) by an appropriately rated flight instructor. An instructor's endorsement may cover a series of flights.
The student must include the following information when completing an exemption certificate claiming sales tax exemption:
The student must identify the flight school (name and address), or
If the student is not enrolled in a flight school, the student must list his or her primary flight instructor with the instructor's address.
The student must maintain evidence that he or she is in pursuit of flight rating. Evidence may include a logbook endorsement for simulator training, receipts and scores for tests administered by a flight school or instructor, or an instructor's endorsement as documented in the student's and instructor's flight logbook. Without evidence that the student is in pursuit of flight rating, tax will be due on aircraft rentals."
Thoughts? Anyone have experience with this?
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