Individual states have specific rules regarding sales and use tax. Flight Tax Systems has modules that provide reports for all applicable states that levy sales, use or personal property and for limiting ad valorem taxes.
The software also tracks leasing use to ensure compliance with state reseller leasing rules and assists users with calculating state sales and use taxes from leasing, based on days-in-state and by state flight miles which can result in a substantial tax savings over straight lease use.
The California module tracks aircraft use for meeting the Interstate Commerce and Common Carrier exemptions under CA 1620 (a) and (b).
The Florida module tracks use in Florida by mileage and the Days-in-Florida method for sales tax apportionment.
FTS Enterprise Version currently includes the following state tax modules:
- New Mexico
- New York
- North Carolina
- South Carolina
All state modules include a Days-in-state, Miles-in-state and Landings-in-state report, while California, Florida and Texas each have specific reports unique to their state.