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Jim,

 

I never heard of an “Air Use Tax” and don’t think it exists.

 

I last paid about $700 for full coverage insurance on $15k value.  Be SURE you don’t underinsure your hull value if you carry hull insurance.  If the insurance adjuster sees that your plane repaired value or parts value is significantly higher than your insured hull value, they sometimes “total” the plane and keep the salvage for a big cut in the loss they suffer.

 

Ed Burkhead

http://edburkhead.com/

[EMAIL PROTECTED] 

 

-----Original Message-----
From: Jim Phelps [mailto:[EMAIL PROTECTED]
Sent: Wednesday, March 05, 2003 12:38 AM
To: ERCOUPERS
Subject: [COUPERS-FLYIN] Taxes & Ins

 

I would like to know how is your airplane taxed in your state and county? I know I brought this up a couple of years ago, but here goes again.  How many remember a federal AIR USE TAX?  If I remember right the fed's never sent a notice, it was your responsibility to send it in each year. I believe it was $ 25.00 for planes up to a certain wt. and than on up depending on wt. Of course the Ercoupe was $ 25.00. If there is now no tax, when was it repealed? If its still in use why hasn't anyone wrote about it?  On Ins., What do most of you carry in Dollar amount for liability and Med.? Do many of you carry Hull ins.?  2749 H is in for annual. we took the wings off today. On initial inspection it looks good. Found one mouse nest but showed no corrosion when removed.  My Mec. and a instructor from WNCC Aircraft school here in Sidney will inspect (according to AD) it further tomorrow.   Jim Phelps

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