To apply for the Aircraft of Historical Significance Exemption, a claim form must be filed each year with the assessor of the county where the aircraft is located. The claim form, BOE-260-B, Claim for Exemption from Property Taxes of Aircraft of Historical Significance, is available from the county assessor. The claim must be filed annually with the assessor by 5:00 p.m., February 15, for the preceding January 1 lien date to receive 100 percent of the exemption.
But the reality of the situation is different. The average pretax profit margins for car dealerships was just 2.2% last year, down from 2.3% a year prior, according to the National Automobile Dealers Association 2013 report -- and this year, that pretax profit margin is expected to remain at just 2.2%.
Dealerships also are enjoying record profits, according to the newly released NADA statistics. The average store made $923,248 in net pretax profit in 2013, the highest noninflation-adjusted amount since NADA started tracking the data in 1970. That's the third straight record year.