What taxation and customs laws apply to aircraft?

Taxation and customs laws related to aircraft in Minnesota generally follow federal regulations. Aircraft are considered to be “movable personal property” and are therefore subject to the state’s sales and use tax. Any use of an aircraft for business purposes is subject to an additional tax, known as the aircraft parts and repairs tax, which is imposed on the sales price of any parts used to repair, improve, or maintain an aircraft. All aircraft must also be registered with the Minnesota Department of Transportation’s Aircraft Registration Office. This requires payment of a registration fee and the completion of an application form. In addition, a tax is imposed on any sales or leases of aircraft in Minnesota, which is based on the aircraft’s purchase price. If an aircraft is being imported into Minnesota from another state or overseas, it is also subject to federal customs regulations. The importer must declare the aircraft’s value, provide documentation of its purchase, and obtain an import certificate. Depending on the country of origin, the import may also require payment of a customs duty. If the aircraft is being used for business purposes, the importer may also be required to submit additional paperwork regarding the purpose of the aircraft’s import.

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What taxation and customs laws apply to aircraft?

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