HB18-1083

HB18-1083 - On-demand Air Carriers Sales And Use Tax Exemption

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Concerning a sales and use tax exemption for aircraft to be used by on-demand air carriers.

The bill creates a sales and use tax exemption for the purchase, storage, use, or consumption of an aircraft for use in interstate, intrastate, or foreign commerce by an on-demand air carrier if the aircraft is purchased by a person and then subsequently leased or subleased to an on-demand air carrier or if the aircraft is purchased by an on-demand air carrier.

The bill specifies that a statutory town, city, or county may exempt the same items only by express inclusion of the exemption in its initial sales tax ordinance or resolution or by amendment thereto.

The bill requires any special district or other limited purpose governmental entity that is authorized by law to levy sales tax upon all transactions or incidents with respect to which the state levies sales tax to levy a tax on the purchase, storage, use, or consumption of aircraft for use in interstate, intrastate, or foreign commerce by an on-demand air carrier.

(Note: This summary applies to this bill as introduced.)

Latest update: March 5, 2018
03/05/2018 - House Committee on Finance Refer Unamended to Appropriations
02/22/2018 - House Committee on Business Affairs and Labor Refer Amended to Finance
01/18/2018 - Introduced In House - Assigned to Business Affairs and Labor + Finance