MS HB1855

Adds a new exemption to Mississippi sales tax law for sales, leases, or other retail transfers of fixed-wing aircraft to certified common carriers transporting persons or property in interstate, intrastate, or foreign commerce.

Extends the exemption to engines, accessories, and spare parts for such fixed-wing aircraft used by certified common carriers.

Amends Section 27-65-101 of the Mississippi Code of 1972 to include this aircraft exemption as subsection (bbb) among industrial sales tax exemptions.

Takes effect upon passage with no retroactive application to taxes due or accrued before the effective date.