What, did Mike Rounds buy a new plane and forget to pay his taxes?
South Dakota charges aircraft owners a 4% tax on the purchase price of an aircraft for first-time registration of the craft (only 3% for planes used exclusively for agriculture). House Bill 1042, proposed by the Department of Transportation, would reduce the penalties for late payment of that tax:
- HB 1042 drops the penalty for failure to pay the registration tax within 30 days of operation in South Dakota from a Class 1 to a Class 2 misdemeanor.
- HB 1042 reduces the civil penalty for late payment (later than 90 days after the due date) from ten percent to one percent.
- HB 1042 reduces the maximum penalty from two times the tax due to ten percent of the tax due.
- Worst of all, HB 1042 removes the word thereof from current statute.
One would think folks who can afford a plane would be rich and organized enough to pay their taxes on time. Of all the tax breaks the state could propose to boost the economy, HB 1042 smells like another lazy rich man's break that won't do much for the general welfare.
To me this looks like a good change. Is late payment of this tax really as serious as DUI or assault (Class 1 misdemeanor)? I think this bill right-sizes the penalty. Whether it applies to rich folks matters not.
Out of curiosity,how many poor people buy planes? Sounds like a typical favor to the wealthy from rethugs,which doesn't apply to the less fortunate. BAU.
Iowaymike driving a 60k King Ranch bitching about pilots tax on average 35-50k airplane struggling to buy $6 dollar fuel. I know very few rich aircraft owners. Keep after it until only the rich can fly.
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Rounds has issues and this is not one of them. Go after Boz. Find her contributors if she really has 190k. That could be some vaporized dollars. DickW would stoop that low.
If a person can afford to buy their own plane, they should be able to afford to pay the taxes on time. When we buy a car we have a certain amount of time to get it registered and new plates put on it.
When you're a powerful Republican politician in South Dakota, if you don't want to pay your share of taxes you simply change the law.
Yes Joan. And if someone pays the tax late on a car they buy it's a class 2 misdemeanor - just like they are making it for an airplane.
If someone pays late on a car they buy, the late fee is $1 per week, which is still less than what this bill will charge airplane owners for late fees. SDCL 32-3-27.
You still think those "rich" folks with planes are getting some special deal?
Goes to show who you can trust. Les promised not to tell anyone I drive a whatever the hell he claimed it was. Shame,shame on you,Les.
Okay, anyone may have a momentary oversight; yet the bill ought to have a financial doubling, tripling, and quadrupling provision for every year late and a provision for state forfeiture. The penalty has to be a penalty in order to have teeth.
Same with your house John. That way you can live on the street after a couple years of bad luck.
That's correct, Les, it's called a sheriff's sale. Capitalism without failure is like religion without sin. It is not the taxpayers lot to uphold and otherwise bailout the failures - unless, of course, one is a bankster.
Les, you're suddenly quite generous. I will note that the penalty for driving around with registration on my car would be a Class 2 misdemeanor (SDCL 32-5-2.4).
Les, as John pointed out, failure to pay property taxes results in forfeiture of property. It happens.
A doubling and tripling and quadrupling statement if not stupidity at its finest is nothing less than moving to a monarchy under king O.