HB16-1119

HB16-1119 - Modify Sales & Use Tax Exemption For Aircraft

Passed/Signed into Law
Concerning A Modification To The Number Of Days That An Aircraft May Remain In The State After It Is Purchased For Purposes Of The Sales And Use Tax Exemption On The Purchase Of Certain Aircraft.

Currently, the sale of a new or used aircraft that is purchased by a person who is not a resident of the state and the sale of a new or used aircraft that is purchased for use by an on-demand carrier (aircraft), regardless of whether the purchaser is a resident of the state, are exempt from sales and use tax if certain criteria are satisfied.

One of the criteria to qualify for the sales and use tax exemption is that the aircraft will be removed from the state within 120 days after the date of the sale. The bill modifies this criteria and requires that the aircraft be removed from the state within 120 days after the date of the sale or within 30 days after the completion of certain work on the aircraft that is associated with the sale of the aircraft, whichever is longer.

Senate Committees

Latest update: March 23, 2016
03/23/2016 Governor Signed
03/15/2016 Sent to the Governor
03/15/2016 Signed by the President of the Senate
03/11/2016 Signed by the Speaker of the House
03/07/2016 Senate Third Reading Passed - No Amendments
03/04/2016 Senate Second Reading Passed - No Amendments
03/01/2016 Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
02/16/2016 Introduced In Senate - Assigned to Finance
02/09/2016 House Third Reading Passed - No Amendments
02/08/2016 House Second Reading Passed - No Amendments
02/04/2016 House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole
01/20/2016 Introduced In House - Assigned to Business Affairs and Labor