Erase In Legal Florida Aircrafts Forms For Free

Florida's general state sales tax rate is 6% with the following exceptions: Retail sales of new mobile homes - 3% Amusement machine receipts - 4% Rental, lease, or license of commercial real property - 5.5%

Florida law grants governmental entities, including states, counties, municipalities, and political subdivisions (e.g., school districts or municipal libraries), an exemption from Florida sales and use tax.

The sale-for-resale exemption is the most significant in aircraft sales, often occurring when a licensed dealer purchases an aircraft for their inventory. Since the dealer purchases the aircraft with the intent to sell it in a future taxable transaction, the state will not collect a sales or use tax on the purchase.

To report use tax due to the State of Florida on the purchase of an aircraft, the buyer must complete an Ownership Declaration and Sales and Use Tax Report on Aircraft (Form DR-42A). You can get this form from our Internet site at .myflorida.com/dor.

Bill of Sale. The seller completes the "Bill of Sale," which is FAA Form 8050-2, available for download on FAA's web site, or from AOPA (800/872-2672), most FAA FSDO offices, or a dealer at your nearest airport). The Bill of Sale must be filled out in duplicate (two originals).

Summary: SB 786 exempts all sales and leases of aircraft from sales and use tax. Currently, Florida exempts the sale or lease of specific aircraft used by an airline from state tax; all other aircraft are subject to state sales and use tax of 6 percent and any discretionary local sales and use tax.