Form Rv-F1403901 - Affidavit Of Transfer Of Aircraft/helicopter Page 2

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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
36
is (Davidson Co. 2.25%)
State Single Article on price of
44
$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
INTERNET (9-04)

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