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MS SB2073
Bill
AI Summary
- Exempts from sales tax aircraft used predominantly to transport passengers or property to offshore oil exploration or production platforms or vessels
- Extends the exemption to include engines, accessories, and spare parts for such qualifying aircraft
- Amends Section 27-65-101 of the Mississippi Code of 1972, which governs industrial exemptions from sales taxation
- Changes terminology in existing law from "oil exploitation" to "oil exploration" for consistency
- Effective date of July 1, 2014
Legislative Description
Sales taxation; sales of aircraft used in oil exploration or production are exempt.
Last Action
Died In Committee
2/26/2014
Committee Referrals
Finance1/10/2014
Full Bill Text
No bill text available