House committee substitute adds the following to the 1st edition.
Removes from the list of repair, maintenance, and installation services and service contracts exempt from sales and use tax under GS 105-164.13(61a), those for an aircraft with a gross take-off weight of more than 2,000 pounds, as such aircrafts are now included in the defined term qualified aircraft in GS 105-164.3, as amended by the act, which are exempt from sales and use tax by the same subdivision. Applies to sales occurring on or after July 1, 2022.
Changes the act's long title.
EXPAND AVIATION SALES TAX EXEMPTION.
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| View NCGA Bill Details | 2021 |
AN ACT TO BROADEN THE SALES AND USE TAX EXEMPTION FOR PARTS AND ACCESSORIES USED IN THE REPAIR OR MAINTENANCE OF AIRCRAFT WITH A MAXIMUM TAKE-OFF WEIGHT OF TWO THOUSAND POUNDS AND ABOVE.Intro. by Hardister, Szoka.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Jun 9 2022)
Bill History:
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Wed, 25 May 2022 House: Filed
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Thu, 26 May 2022 House: Passed 1st Reading
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Tue, 7 Jun 2022 House: Reptd Fav Com Substitute
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Wed, 8 Jun 2022 House: Reptd Fav
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Wed, 8 Jun 2022 House: Cal Pursuant Rule 36(b)
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Wed, 8 Jun 2022 House: Added to Calendar
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Wed, 8 Jun 2022 House: Passed 2nd Reading
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Wed, 8 Jun 2022 House: Passed 3rd Reading
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Wed, 8 Jun 2022 House: Regular Message Sent To Senate
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Thu, 9 Jun 2022 Senate: Regular Message Received From House
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Thu, 9 Jun 2022 Senate: Passed 1st Reading
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Thu, 9 Jun 2022 Senate: Ref To Com On Rules and Operations of the Senate
H 1046
Bill Summaries:
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Bill H 1046 (2021-2022)Summary date: Jun 7 2022 - View Summary
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Bill H 1046 (2021-2022)Summary date: May 25 2022 - View Summary
Substantively identical to H 1002, filed 5/19/22.
Amends the definition of qualified aircraft in GS 105-164.3 as it applies in Article 5 of GS Chapter 105 (Sales and Use Tax) to include an aircraft with a maximum take-off weight of more than 2,000 pounds (was, maximum take-off weight of more than 9,000 but not exceeding 15,000 pounds). Applies to sales occurring on or after July 1, 2022.
View: All Summaries for Bill
House committee substitute to the 1st edition changed the long title. Original title was AN ACT TO BROADEN THE SALES AND USE TAX EXEMPTION FOR PARTS AND ACCESSORIES USED FOR THE REPAIR OR MAINTENANCE OF AIRCRAFT AND RELATED SERVICE CONTRACTS TO ALL AIRCRAFT WITH A MAXIMUM TAKE-OFF WEIGHT OF TWO THOUSAND POUNDS AND ABOVE.