AL HB269

Revises sales and use tax exemptions for aircraft manufactured, sold, or delivered in Alabama if the aircraft are not permanently domiciled in the state and are removed to another state.

Exempts aircraft sales from state sales tax when the aircraft's hanger/airstrip is located outside Alabama or the purchaser's headquarters is not in Alabama and the aircraft will be operated by a certificated air carrier or foreign/intrastate air carrier.

Amends lease tax laws to exempt gross receipts from leasing certain aircraft not domiciled in Alabama during the lease term, with similar conditions regarding hanger location or carrier type.

Both aircraft sales and lease tax exemptions expire on September 30, 2029, unless extended by future legislation.

Becomes effective on September 1, 2024.