Wisely choosing not to further pressure private aviation businesses, the Maryland legislature defeated a measure that would have imposed a 1-percent luxury surtax on aircraft costing $36,000.00 or more, plus 2 percent of amounts above $90,000. This was a wise decision (as in other close-call states) on the Eastern Seaboard given the proximity to Maryland of states such as Massachusetts, which charge no sales tax on aircraft, or Connecticut, which charges no tax on larger aircraft and exempts all maintenance activity from sales tax as well.
Categories
- Aircraft Business
- AIRCRAFT EXCISE TAX
- Aircraft Income Tax Rules
- Aircraft Registration
- Aircraft Sales Tax
- Aviation News
- aviation tips
- Bitcoin & Blockchain
- Blockchain law
- Business Tax Planning
- Celebrity Rights
- Copyright
- Copyright Infringement
- Cryptocurrency Law
- Derivative Rights
- Digital Public Performance Right
- Entertainment
- Entertainment Law
- Estate Tax
- Fair Use
- Federal Tax Lien
- First Amendment
- Florida sales tax
- Florida use tax
- general aviation
- General Aviation Events
- Income tax Planning
- Intangibles Tax
- Internal Revenue Service
- International real estate law
- International Tax
- Internet
- IRS audit
- IRS dispute
- Law Firms
- Lawyers
- Legal Resources
- liability
- Licensing
- Money Transmitter Law
- Moral Rights
- Music
- New Legislation
- Other Tax
- Others
- Privacy Rights
- Public Display Rights
- Public Domain
- Public Performance Rights
- Register
- Royalties
- Royalty Free Music
- Sound Recording
- State Income Tax
- Tax Administration
- Tax Court Cases
- Tax Exemption
- Tax Law
- Tax planning
- Visual Artist