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.
EXPANSION OF AVIATION SALES TAX EXEMPTION.
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| View NCGA Bill Details | 2021 |
AN ACT TO BROADEN THE SALES AND USE TAX EXEMPTION ON AVIATION 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.Intro. by Clemmons, Brockman, Faircloth, Hardister.
Status: Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House (House action) (May 23 2022)
H 1002
Bill Summaries:
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Bill H 1002 (2021-2022)Summary date: May 19 2022 - View Summary
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Substantively identical to H 1046, filed 5/25/22.