What laws apply to aircraft registration and ownership?
In Minnesota, aircraft registration and ownership are subject to a number of federal and state laws. At the federal level, the Federal Aviation Administration (FAA) regulates the registration of aircraft. All aircraft registered in the United States must register with the FAA and include a unique FAA-assigned registration number, or “N” number. Pilots must also possess a valid medical certificate, as well as a certificate of airworthiness to fly. Aircraft owners are also required to register their aircraft with the Minnesota Department of Transportation, Aeronautics Division. The registration process includes a registration form, a title, and a bill of sale for the aircraft. The owner must also provide proof of financial responsibility, such as a surety bond or a certificate of liability insurance, to the Minnesota Department of Transportation. In addition to FAA and Minnesota Department of Transportation laws, aircraft owners must adhere to local laws and regulations from county and municipal governments as well. Depending on the county or municipality, these regulations may include aircraft noise ordinances, pilot licensing requirements, and restrictions on the type of aircraft that can be flown and where they can be flown. Lastly, aircraft owners should be aware that some states, including Minnesota, impose taxes on aircraft ownership. Aircraft owners in Minnesota must pay a sales tax on the value of the aircraft unless the sale was made between two related companies. In summary, aircraft owners in Minnesota must register their aircraft with the FAA, the Minnesota Department of Transportation, and the applicable county and municiple governments. Additionally, they must have proof of financial responsibility and pay any applicable taxes.
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