24 Va. Admin. Code § 5-20-20
Every resident of this state owning a civil aircraft, every nonresident owning a civil aircraft based in this state over 60 days during a 12-month period, all aerial application aircraft operating within this state and every owner of a civil aircraft operated in this state as a for-hire intrastate air carrier shall, before the same is operated in this state, apply to the department for, and obtain from the department, an aircraft license for such civil aircraft.
No aircraft as defined in § 5.1-1 of the Code of Virginia, except a public aircraft or a balloon, shall be licensed by the department unless and until the applicant thereof furnishes proof of financial responsibility in the amounts required for each aircraft for which a license is applied for.
Except as provided below, the tax on the sale or use of an aircraft required to be licensed by this Commonwealth shall be paid by the purchaser or user of such aircraft and collected by the Virginia Tax Commissioner prior to the time the owner applies to the Department of Aviation for, and obtains, such license.
The tax on the gross receipts from each aircraft licensed for commercial use shall be paid by the dealer to the Virginia Tax Commissioner on or before the 20th day of each month.
24 Va. Admin. Code § 5-20-20
Statutory Authority
§§ 5.1-2.2 and 5.1-2.15 of the Code of Virginia.