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AL HB39
Bill
Status
4/5/2012
Primary Sponsor
Mike Millican
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AI Summary
HB39 Summary
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Amends Alabama Code Section 40-23-4 to exempt parts, components, and systems used in conversion, reconfiguration, or maintenance of aircraft certified as transport category airplanes from state sales tax.
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Exemption applies only to the state sales tax and does not apply to local sales taxes unless previously exempted by local law or approved by local governing body resolution.
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Exemption is temporary, effective from the bill's passage through May 30, 2022, unless extended by joint resolution.
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Aircraft must not be permanently domiciled in Alabama and the FAA registration address must be outside the state to qualify for the exemption.
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Effective for fiscal year beginning October 1, 2012, and thereafter.
Legislative Description
Aircraft, certain, any parts, components, and systems used in the conversion, reconfiguration, or maintenance of, exempt from sales tax, not applicable to local sales tax unless approved, Sec. 40-23-4 am'd.
Aircraft
Last Action
Conference Committee on HB39 2012RS first Substitute Offered
4/5/2012