MS HB1555

Amends Section 27-65-101 of Mississippi Code to exempt aircraft used predominantly to transport passengers or property to offshore oil or natural gas exploration or production platforms or vessels from sales taxation.

Includes exemption for engines, accessories, and spare parts for such aircraft used in offshore oil or natural gas exploration or production activities.

Adds aircraft and related equipment to the definition of "offshore drilling equipment" under existing industrial exemptions for equipment used in oil or natural gas exploration or production.

Effective July 1, 2014.