FL S0696

Exempts all aircraft sales and leases from Florida sales and use tax, expanding a previous exemption that only applied to qualified aircraft or aircraft over 15,000 pounds used by common carriers

Defines "aircraft" as a manned vehicle capable of flight designed to transport persons or property

Removes the requirement that aircraft be used by a common carrier (airlines operating under specific FAA regulations) to qualify for the exemption

Effective date of July 1, 2016