Great news for Kansas experimental aircraft owners/builders!! - Zenith Aircraft Builders and Flyers2024-03-29T09:08:05Zhttps://zenith.aero/forum/topics/great-news-for-kansas-experimental-aircraft-owners-builders?feed=yes&xn_auth=noThanks for the update. Good…tag:zenith.aero,2016-01-11:2606393:Comment:4804712016-01-11T14:29:29.319ZBruce V. Collinshttps://zenith.aero/profile/BruceVCollins
<p>Thanks for the update. Good news</p>
<p>Thanks for the update. Good news</p> Copied from the 2016 Kansas…tag:zenith.aero,2016-01-11:2606393:Comment:4803782016-01-11T13:50:35.304ZTimothy D. McCallhttps://zenith.aero/profile/TimothyDMcCall
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<p>Copied from the 2016 Kansas Dept of Revenue summery:</p>
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<p align="left">Aircraft Exemptions:</p>
<p align="left">There are three property tax exemptions available for aircraft.</p>
<p align="left">Business Aircraft: The exemption for business aircraft was broadened for tax year 2003</p>
<p align="left"><font face="SegoeUI" size="3"><font face="SegoeUI" size="3">forward. To qualify for exemption the aircraft must be…</font></font></p>
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<p>Copied from the 2016 Kansas Dept of Revenue summery:</p>
<p></p>
<p> </p>
<p align="left">Aircraft Exemptions:</p>
<p align="left">There are three property tax exemptions available for aircraft.</p>
<p align="left">Business Aircraft: The exemption for business aircraft was broadened for tax year 2003</p>
<p align="left"><font face="SegoeUI" size="3"><font face="SegoeUI" size="3">forward. To qualify for exemption the aircraft must be</font></font> <i><font face="SegoeUI,Italic" size="3"><font face="SegoeUI,Italic" size="3">used predominately</font></font></i> <font face="SegoeUI" size="3"><font face="SegoeUI" size="3">to earn income for</font></font></p>
<p align="left"><font face="SegoeUI" size="3"><font face="SegoeUI" size="3">the owner in the conduct of the owner's business or industry</font></font><i><font face="SegoeUI,Italic" size="3"><font face="SegoeUI,Italic" size="3">. “Predominately”</font></font></i> <font face="SegoeUI" size="3"><font face="SegoeUI" size="3">is defined to</font></font></p>
<p align="left">mean at least 80% of the total use of the aircraft, or the utilization of the aircraft such that all</p>
<p align="left">costs are deductible for federal income tax purposes. If the owner’s business is the leasing of</p>
<p align="left">aircraft, the lessee’s use of the aircraft is not considered in the determining the</p>
<p align="left">exemption [K.S.A. 79-201k]</p>
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<p align="left">Antique Aircraft: To qualify for exemption the aircraft must be 30 years old or older by the</p>
<p align="left"><font face="SegoeUI" size="3"><font face="SegoeUI" size="3">date of manufacture. The aircraft must also be</font></font> <i><font face="SegoeUI,Italic" size="3"><font face="SegoeUI,Italic" size="3">used exclusively</font></font></i> <font face="SegoeUI" size="3"><font face="SegoeUI" size="3">for recreational and/or display</font></font></p>
<p align="left">purposes. [K.S.A. 79-220]</p>
<p align="left"></p>
<p align="left">Amateur-Built Aircraft: Amateur-built aircraft is defined as aircraft, manned or unmanned, that</p>
<p align="left">the major portion of which has been fabricated and assembled by a person or persons who</p>
<p align="left">undertook the construction project solely for their own education or recreation. This bill</p>
<p align="left"><font face="SegoeUI" size="3"><font face="SegoeUI" size="3">applies to all years after December 31, 2013.</font></font> <font face="SegoeUI" size="1"><font face="SegoeUI" size="1">[Senate Bill 266 amending K.S.A. 79-220]</font></font></p>
<p align="left"></p> what happened to that legisla…tag:zenith.aero,2016-01-09:2606393:Comment:4797102016-01-09T00:46:04.703ZBruce V. Collinshttps://zenith.aero/profile/BruceVCollins
<p>what happened to that legislation in Kansas ? I never heard any more about it. </p>
<p>what happened to that legislation in Kansas ? I never heard any more about it. </p> How personal property taxes a…tag:zenith.aero,2014-03-27:2606393:Comment:3478442014-03-27T18:21:27.461ZTimothy D. McCallhttps://zenith.aero/profile/TimothyDMcCall
<p><strong>How personal property taxes are calculated in Kansas:</strong></p>
<p><strong> </strong></p>
<p><strong>Example: If the appraised value of your airplane is $50,000</strong></p>
<p><br></br><strong> First, Multiply the appraised value by the "assessment %" for your property, airplanes would be in the 30% bracket.</strong></p>
<p><strong>(Different kinds of property have different assessments. Airplanes and boats have much higher assesments then houses for example. For tax purposes…</strong></p>
<p><strong>How personal property taxes are calculated in Kansas:</strong></p>
<p><strong> </strong></p>
<p><strong>Example: If the appraised value of your airplane is $50,000</strong></p>
<p><br/><strong> First, Multiply the appraised value by the "assessment %" for your property, airplanes would be in the 30% bracket.</strong></p>
<p><strong>(Different kinds of property have different assessments. Airplanes and boats have much higher assesments then houses for example. For tax purposes there is no difference between homebuilt and certified aircraft.)</strong></p>
<p><strong> appraised value assessment rate assessed value</strong><br/><strong> 50,000 x .30 (30%) = $15,000</strong></p>
<p><strong> </strong></p>
<p><br/><strong>Second, Multiply the assessed value by your "mill levy"</strong><br/><strong>and then divide by 1,000 to estimate the property tax you owe.</strong></p>
<p><strong>(The "mill levy" is suposed to be calculated each year and is based on the total budget required (state, county, fire, schools, etc.) divided by the total property, within the county, assessed values.) </strong> <br/><strong> 15,000x (.152937) ** = $2,293.50</strong></p>
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<p><strong>**Contact your county clerk to find out what your current mill levy is.</strong></p> How does that work in Kansas?…tag:zenith.aero,2014-03-27:2606393:Comment:3478352014-03-27T15:45:32.283ZPeter Autenriedhttps://zenith.aero/profile/PeterAutenried
<p>How does that work in Kansas? Do you need some license plate sticker? How is the amount determined as to how much you have to pay for a homebuild? Just curious, SD has no tax or state registration for a homebuilt aircraft. However in Connecticut, there was a state registration requirement and I had to pay sales tax on all parts and services during the build. Some guys got hit pretty hard on that one, I moved to SD. -- Peter</p>
<p>How does that work in Kansas? Do you need some license plate sticker? How is the amount determined as to how much you have to pay for a homebuild? Just curious, SD has no tax or state registration for a homebuilt aircraft. However in Connecticut, there was a state registration requirement and I had to pay sales tax on all parts and services during the build. Some guys got hit pretty hard on that one, I moved to SD. -- Peter</p>
I don't think the bill has…tag:zenith.aero,2014-03-27:2606393:Comment:3477332014-03-27T14:04:02.379ZTimothy D. McCallhttps://zenith.aero/profile/TimothyDMcCall
<p> </p>
<p>I don't think the bill has made it completely through the system yet but I would think that it's pretty much a done deal.</p>
<p>Some folks are paying $1,000 to $2000 per year to own their homebuilt aircraft.</p>
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<p>I don't think the bill has made it completely through the system yet but I would think that it's pretty much a done deal.</p>
<p>Some folks are paying $1,000 to $2000 per year to own their homebuilt aircraft.</p> CA needs this. Any action?tag:zenith.aero,2014-03-26:2606393:Comment:3477992014-03-26T22:47:06.018Z0rosknsst51a4https://zenith.aero/xn/detail/u_0rosknsst51a4
<p>CA needs this. Any action?</p>
<p>CA needs this. Any action?</p>