Bill No.: HB0024                  Drafter:  MQ

 

LSO No.:  05LSO-0294              Effective Date:  7/1/2005

 

Enrolled Act No.:  HEA0076

 

Chapter No.:       136

 

Prime Sponsor:     Joint Revenue Interim Committee

 

Catch Title:       Sales & use tax exemption-aircraft.

 

Subject:  Provides a sales/use tax exemption for aircraft.

 

Summary/Major Elements:

 

·        Provides a sales/use tax exemption for aircraft repair, remodeling or maintenance services at a federal aviation administration certified repair station including materials and parts.

 

·        Also provides a sales/use tax exemption for the sale or lease of any aircraft used in a commercial air carrier operation.