Arizona Aircraft Affidavit
Description
How to fill out Aircraft Affidavit?
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FAQ
The purpose of the Certificate is to document and establish a basis for state and city tax deductions or exemptions. It is to be filled out completely by the purchaser and furnished to the vendor at the time of the sale.
Contractors may use AZ Form 5000 to purchase all materials tax free. General Contractors may use AZ Form 5005 on all contracts, taking on the liability for MRRA contracts from the subcontractor.
For the purpose of registration, the ?Bill of Sale? is the document used by the FAA to confirm that the applicant is the registered owner.
Arizona Form 5000 is used to claim Arizona TPT (sales tax) exemptions from a vendor. The Certificate must be provided to the vendor in order for the vendor to document why sales tax is not charged to the University in these cases, or for the vendor to refund the sales tax already billed to the University.
§ 47.40 Registration expiration and renewal. (a) Initial Registration. A Certificate of Aircraft Registration issued in ance with § 47.31 expires seven years after the last day of the month in which it is issued.
An aircraft must be registered in the legal name of its owner (i.e., an individual or business). To register an aircraft, you will have to send the following to the Aircraft Registration Branch of the FAA: C. Form 8050-1 (Aircraft Registration Application).
The exemption application process for individuals and organizations is described in A.R.S. 42-11152 . In almost every case, the taxpayer must file an application with the county assessor, which provides the information required by the assessor to make an exemption determination.
The tax rate is one-half of one per cent (0.005) of the assessed value of the aircraft, but not less than $20.
Most states in the US do not have separate state aircraft registries. That is, a valid FAA registration is enough to safely operate and own the aircraft in the state in which its base.
However, there are certain purchases that are exempt from sales tax pursuant to ARS §42-5061. Common sales tax exemptions include: Professional or personal services where the sale of tangible personal property constitutes an inconsequential element.
