ID H0488

Nonresident owners or lessees of turbine-powered aircraft weighing more than 12,500 pounds may apply for a rebate of Idaho sales or use tax paid on tangible personal property used to repair or modify the aircraft.

Tangible personal property must become a component part of the aircraft and repairs must be performed by a person licensed by the federal aviation administration.

Rebate claims must be filed in writing on forms prescribed by the state tax commission with reasonable documentation and verification as required.

Claims for rebate must be filed no later than the last day of the third calendar year following the year taxes were paid, or the right to the rebate is forfeited.

The provision sunsets and becomes null and void on June 30, 2020.