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AL SB83
Bill
AI Summary
SB83 Summary
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Amends Alabama Code Section 40-23-4 to create a sales tax exemption for parts, components, and systems used in conversion, reconfiguration, or general maintenance of certified transport category aircraft.
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The state sales tax exemption applies automatically to qualifying aircraft parts and materials.
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Local sales taxes on these items are exempted only if a local jurisdiction enacts its own exemption or approves a resolution authorizing the exemption.
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Effective for the fiscal year beginning October 1, 2012.
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
Read for the first time and referred to the Senate committee on Finance and Taxation Education
2/7/2012