MS SB2998

Exempts gross proceeds from sales of rotary-wing aircraft from sales taxation if the aircraft are exported from Mississippi within 48 hours and registered and first used in another state.

Adds rotary-wing aircraft to the existing exemption category in Section 27-65-101(s) that already covers semitrailers, trailers, boats, travel trailers, and motorcycles meeting the same export and registration requirements.

Applies to aircraft sales meeting both conditions: export within 48 hours of sale and registration/first use in another state.

Effective July 1, 2018.