MI HB5445

Exempts parts and materials affixed to aircraft owned by domestic air carriers from use tax, including cargo aircraft with maximum certificated takeoff weight of at least 6,000 pounds (after December 31, 1996) and passenger aircraft with more than 30 seats.

Exempts aircraft temporarily in Michigan for sale, prepurchase evaluation, customization, maintenance, or repair from use tax if the aircraft leaves the state within 15 days and meets residency/registration conditions.

Exempts rolling stock (qualified trucks, trailers, and related parts) used in interstate commerce by interstate fleet motor carriers from use tax for purchases after December 31, 1992.

Applies partial tax exemption on qualified trucks and trailers purchased by interstate fleet motor carriers for taxes levied between January 1, 1997 and May 1, 1999, limited to the out-of-state usage percentage of the purchase price.

Clarifies definitions including "based in this state" (hangared for 10+ days in 3+ nonconsecutive months), "domestic air carrier," "interstate fleet motor carrier" (at least 10% fleet mileage outside Michigan), and "out-of-state usage percentage."