Fillable Form Ast-3 - Virginia Aircraft Sales And Use Tax Return (Page 2 of 2) in pdf

Virginia Aircraft Sales and Use Tax Return Instructions

General: The Virginia aircraft sales and use tax is imposed

Line 3: Date Aircraft Purchased of Moved Into Virginia-

at the rate of two percent upon the retail sale of every

Enter the date (month MM, day DD, and year YYYY) the

aircraft was purchased in Virginia or moved into Virginia.

aircraft sold in this state and upon the nonexempt use in

Virginia of any aircraft. The Virginia aircraft sales tax applies

Line 4: Name and Address of Seller - Enter the name and

to all aircraft sold and required to be licensed in Virginia,

address of the seller.

including occasional sales. "Occasional sale" refers to

a sale of an aircraft by anyone not a dealer in aircraft.

Line 5: Sales Price-Enter the Sales Price from the sales

Basis of tax for sale or use: The tax is assessed on the

invoice. Attach documentation that supports the sales

price (invoice, bill of sale, purchase agreement, etc.) If no

use or sale of an aircraft. The basis of the tax is the sale

price, including any amount credited for trade-in or any other

documentation is available, the Department will use the blue

book value.

transaction of like nature, except that if the aircraft is first

used or stored for use in Virginia six months or more after its

Line 5a: Excise tax - Enter the amount of federal

acquisition, the tax will be based on the current market value.

manufacturer’s excise tax included on Line 6.

Any person who sells an aircraft in Virginia must supply the

Line 6: Market Value-Enter the amount of the current market

buyer with an invoice signed by the seller or his representative.

The invoice must state the sale price of the aircraft. The buyer

value of the aircraft or sales price (whichever is less) only if

the aircraft is licensed in this state more than six months

must include the invoice with his return and payment of the tax.

after acquisition in another state. If the aircraft has always

been in this state, use the sales price.

Tax due date: The taxpayer is required to file Form AST-3 and/

or pay the full amount of tax due within thirty days from the date

Line 7: Tax- Enter 2% of Line 5b or Line 6 whichever applies.

that the aircraft is required to be licensed in Virginia. Please

note: the aircraft is required to be licensed within 60 days.

Line 8: Allowable credit – Enter the amount of credit

allowed for a similar tax paid to another State or the Virginia

Mail completed forms to: Virginia Department of Taxation

Retail Sales and Use Tax paid on component parts used in

Aircraft Sales and Use Tax

construction of the aircraft. Attach copies of invoice(s) and

PO Box 2468

certificate of payment/confirmation showing tax billed and

Richmond, VA 23218-2468

paid.

Questions: Call (804) 786-2450 or write the Virginia

Line 9: Tax Due- Subtract Line 8 from Line 7.

Department of Taxation, PO Box 715, Richmond, VA

23218-0715. If you have Internet access, you can obtain

most Virginia tax forms from the Department’s Web-site

Line 10: Penalty: The penalty for failure to file and/or pay on

time is 6% of the tax due for each month, or part of a month,

that the tax is not paid, not to exceed 30%.

Line by Line Instructions

Line 11: Interest: Interest at the underpayment rate

established by Section 6621 of the Internal Revenue Code,

Lines 1-2: Complete your name and address, account

plus 2%, will be added to the tax if not paid by the due date.

information, and aircraft information. If you are a first time

Enter interest if you file the return and/or pay the tax after

filer, you will not have a Virginia Account Number. An account

the due date.

number will be assigned when your return is processed.

Declaration and Signature: Be sure to sign, date and enter

your phone number in the space indicated.

Va. Dept. of Taxation AST-3 W Rev. 07/12

Form Ast-3 - Virginia Aircraft Sales And Use Tax Return Page 2

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