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FL S1242
Bill
Status
Introduced
2/21/2011
Primary Sponsor
Michael Bennett
Click for details
AI Summary
- Expands the sales and use tax exemption for aircraft repair labor by lowering the weight threshold from 15,000 pounds to 2,000 pounds maximum certified takeoff weight for fixed-wing aircraft.
- Expands the sales and use tax exemption for replacement engines, parts, and equipment used in aircraft repair and maintenance by lowering the weight threshold from 15,000 pounds to 2,000 pounds for fixed-wing aircraft and from 10,300 pounds to 10,000 pounds for rotary wing aircraft.
- Exemptions apply only when parts and equipment are installed on aircraft being repaired or maintained in Florida.
- Effective date is July 1, 2011.
Legislative Description
Taxes
Last Action
Indefinitely postponed and withdrawn from consideration
5/7/2011
Committee Referrals
Commerce And Tourism3/7/2011
Full Bill Text
No bill text available