SB0159

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

Sales and Use Tax - Aircraft Parts and Equipment - Exemption

Sponsored by:

Senator Waugh

Status:

In the House - Hearing 3/22 at 1:00 p.m.


Synopsis:Providing an exemption from the sales and use tax for materials, parts, or equipment used to repair, maintain, or upgrade aircraft or the avionics systems of aircraft if the materials, parts, or equipment are installed on the aircraft; and requiring the Comptroller to report to the General Assembly, on or before December 31 each year, the amount of sales and use tax revenue lost from the specified exemption and any change to the number of aviation technicians employed in the State as a result of the specified exemption.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Waugh, Peters, and Middleton
Additional Facts:Cross-filed with: HB0067
Introduced in a prior session as: SB0014 Session: 2016 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2017
Committee(s):
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Sales and Use
Narrow Subject(s):Aircraft
Comptroller
Equipment -see also- Motor Vehicle Equipment
Reports
Sales and Use Tax
Statutes:Article - Tax - General
(11-233)

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March 22, 2017 3:17 P.M.