““When I made the film The Invention of Lying, they gave me a private jet for getting back and forth between New York and London. I thought, ‘I will never use it’ but I ended up using it every weekend. You turn up, right, and the airport is completely empty. I mean, there’s just someone at the desk and then the pilot, who says, ‘Are you ready to go?’ and you say, ‘Don’t you want to see my passport?’ and he goes, ‘Oh yeah, I suppose I’d better.’” ”
California Reinstates 90-day Tax-Exemption Test
Because of a budget compromise agreed upon by California's Senate in August, aircraft buyers in that state will again get a tax break that was taken away three years ago. That's when lawmakers changed the use-tax-liability test period, requiring out-of-state aircraft purchasers to keep their airplanes out of California for a year-rather than 90 days, the previous rule-to avoid the tax. By lengthening the period, the state hoped to increase tax revenue, according to Stephen Hofer, president of Aerlex Law Group in Santa Monica, Calif. That plan didn't work, Hofer said, and, for aircraft purchased after July 1, 2007, the 90-day rule will again apply.