HB216 Summary

• Amends Section 40-23-62 of the Alabama Code to add a use tax exemption for parts, components, and systems incorporated into fixed or rotary wing military aircraft or certified transport category aircraft undergoing conversion, reconfiguration, or general maintenance, provided the aircraft's FAA registration address is not in Alabama.

• Exemption applies from October 1, 2012 through May 30, 2022, unless extended by joint resolution.

• Exemption does not apply to local use taxes unless previously exempted by local law or approved by local governing body resolution.

• Act is effective retroactively for the fiscal year beginning October 1, 2012, and ratifies any use tax exemptions provided in conformance with this act prior to enactment.

• Clarifies legislative intent to conform use tax provisions with Act 2012-185 and provide uniformity in sales and use tax administration and collection.