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Old 06-14-2010 | 05:48 AM
  #6  
jedinein
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It's a $5000 initial fee, $1000 yearly renewal. Plus .25% of your income. It requires audited financial records to be sent to the state. Supposedly there might be a $250 opt-out fee, which has not yet been defined as a yearly or one-time fee. And you don't get the chance to opt-out until you've already received the dunning notice. Hope you have money for the lawyers to fight the notice.

Plus, CFIs are now subject to state accreditation boards and a whole bunch of other BS.

It is a "Fee" not a tax, so there was no voting on this.

It is already law.

Think you are immune? The law is so poorly defined that an airline pilot conducting IOE going into LAX could be subject to the $5000 fee. A 135 operator doing line training could be subject. A CFI conducting ONE BFR for the year, subject. Hold a CFI certificate but not active, subject.

Worse, this law will not do a thing to stop the criminals of Silver State Helicopters or the like. Nor will it provide any sort of fund reimbursement to naive students and banks that put down the entire cost of training up front. The first multimillion dollar claim will bankrupt the fund and as the state is bankrupt, there will be no reimbursement money. Of course, as the banks are more politically active than the students, the banks will get funds back first.


Max Trescott Aviation Trends Aloft: California Pilot Alert: New Regulations To Raise Cost of Flight Instruction--Write Your Representatives Today!

http://www.maxtrescott.com/max_tresc...struction.html
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