Legal Question in Tax Law in New Jersey

Aircraft sales tax in NJ

In New Jersey is the ''casual sale'' between two individuals with no dealers involved, of an aircraft still exempt from sales tax or has that the law changed? State Bill s-2210 from 2005 was going to resend the exemption, I don't know if it ever became law.


Asked on 9/10/07, 11:23 am

1 Answer from Attorneys
Ronald Cappuccio Ronald J. Cappuccio, J.D., LL.M.(Tax)

Re: Aircraft sales tax in NJ

Sales of an Aircraft to a NONRESIDENT, who does not operate a business in NJ and who will not hangar the aircraft in NJ for 12 months is exempt.

I hope this helps!

Ron Cappuccio

http://www.taxesq.com

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Answered on 9/10/07, 1:50 pm


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