California has started the process to levy property taxes on fractional jet programs. For those of you unfamiliar with fractional ownership, people buy a fraction of an airplane. They can buy 50+ hours per year--that would be a 1/16th fractional share.
For years, states have been trying to figure out a way to tax the owners or operators of the planes.
If you have a 15 million dollar plane sitting in a hanger, wouldn't you want to subject it to taxation?
Because these planes fly all over the country, they're not really based or permanently hangared anywhere.
With many states trying to track down revenue anywhere they can, the fractional providers could be in court other places than California.
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