SECTION 710:15-2-6. Exemptions of licensed aircraft dealer

Latest version.

  Aircraft owned by a licensed dealer and in that dealer's inventory of aircraft held for sale, are exempted from the levy of the Aircraft Excise Tax and from the payment of Aircraft registration fees, provided that:
(1)   The aircraft was acquired during the period of time that the dealer held a valid license;
(2)   The aircraft has been listed on the aircraft dealer report as being purchased for resale; and,
(3)   The aircraft is not used by the dealer for personal or business use.

[Source: Added at 18 Ok Reg 2805, eff 6-25-01]

                    
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