FL S1050

Caps the sales tax on each aircraft sale or use in Florida at a maximum of $4,000, regardless of purchase price.

Exempts from sales tax the sale or lease of aircraft weighing up to 12,500 pounds maximum certified takeoff weight, including unassembled aircraft to be assembled by the purchaser.

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

Removes the requirement that purchasers or lessees of aircraft participate in flight training and research programs with Florida universities to qualify for tax exemptions.

Takes effect July 1, 2023.