IL HB6928

Amends the Aircraft Use Tax Law (35 ILCS 157/10-15) to add a new exemption from the 6.25% aircraft use tax.

Exempts aircraft that are not eligible to receive a certificate of airworthiness from the Federal Aviation Administration because they are not in a condition for safe operation.

Maintains existing exemptions for aircraft taxed under the Use Tax Act, those used by governmental agencies or charitable organizations, and gifts to surviving spouses in estate administration.

Tax continues to apply at 6.25% of selling price for aircraft purchases, or fair market value for gifts or transfers, whichever is later.