Bill Summary for H 216 (2023-2024)

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Bill: EXPANSION OF AVIATION SALES TAX EXEMPTION.

Summary date: 

Feb 28 2023

Bill Information:

View NCGA Bill Details(link is external)2023-2024 Session
House Bill 216 (Public) Filed Tuesday, February 28, 2023
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 Hardister, Howard, Ross, Clemmons.

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Bill summary

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, 2023.