HI HB2007

Removes the requirement that aircraft operate with two or more jet engines to qualify for the general excise tax exemption under section 237-24.9, Hawaii Revised Statutes.

Expands the aircraft service and maintenance facility tax exemption to include helicopters, single engine aircraft, and propeller aircraft used in intrastate, interstate, or international scheduled commercial service.

Establishes that an aircraft service and maintenance facility must be at least 30,000 square feet and can include ancillary space such as parts warehouses, tool rooms, and administrative areas.

Creates equity among different types of aircraft eligible for tax exemptions to promote greater inter-island travel options and meet state interests in aviation development.

Takes effect on July 1, 2050.