Bill Summary for H 1046 (2021)

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Summary date: 

May 25 2022

Bill Information:

View NCGA Bill Details2021
House Bill 1046 (Public) Filed Wednesday, May 25, 2022
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.

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Bill 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.