Affidavit Of Transfer Of Aircraft/helicopter Form - Tennessee Department Of Revenue (Page 2 of 2) in pdf

Affidavit Of Transfer Of Aircraft/helicopter Form - Tennessee Department Of Revenue Page 2

INSTRUCTIONS FOR CALCULATING SALES AND USE TAX ON AIRCRAFT

If no tax was paid to the seller, calculate 7.0% of the net purchase price for state tax plus the appropriate state and local single article

taxes. Effective July 15, 2002, a state Sales or Use Tax of 2.75% is levied on the amount of a single article in excess of $1,600 and

less than or equal to $3,200. The first $1,600 of the sales price will continue to be taxed at the appropriate local rate. The amount

from $1,600.01 to $3,200 will be taxed at a uniform rate of 2.75%.

EXAMPLE:

$100,000

Net purchase price

State Tax at 7%

7,000

Local Option on first $1,600. This example

is (Davidson Co. 2.25%)

State Single Article on price of

$1,600.01 - $3,200.00 at 2.75%

Total Tax Due on this Example

$7,080

If you have any questions, you may call any of our HELP NUMBERS:

Chattanooga

(423) 634-6266

Knoxville

(865) 594-6100

Jackson

(731 423-5747

Memphis

(901) 213-1400

Johnson City

(423) 854-5321

Nashville

(615) 253-0600

Tennessee residents outside the Nashville calling area may call our statewide toll-free number at 1-800-342-1003.

Callers from Nashville or out-of-state may dial (615) 253-0600. Our website address is

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Affidavit Of Transfer Of Aircraft/helicopter Form - Tennessee Department Of Revenue Page 2