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AL HB343
Bill
Status
4/18/2023
Primary Sponsor
Prince Chestnut
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AI Summary
HB343 Summary
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Removes sales tax exemption restrictions on aircraft parts, components, and systems by eliminating the requirement that aircraft must be registered in another state.
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Deletes provisions limiting the exemption to military and transport aircraft, broadening eligibility to all aircraft types.
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Applies to aircraft undergoing conversion, reconfiguration, or general maintenance for the period October 1, 2012 through May 30, 2027, with renewal subject to legislative action.
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Exemption does not apply to local sales taxes unless previously exempted by local law or approved by local governing body resolution.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Relating to sales tax; to amend Section 40-23-4, as amended by Acts 2022-291, 2022-293, and 2022-373, 2022 Regular Session, Code of Alabama 1975, to revise the sales tax exemption for certain aircraft parts, components, and systems; to remove the provisions regarding military and transport aircraft; and to remove the provision that aircraft must be registered in another state.
Relating to sales tax, revising the sales tax exemption for certain aircraft parts.
Last Action
Introduced and Referred to House Ways and Means Education
4/18/2023