Loading chat...

NC H1002

Bill

Official Source

Status

Introduced

5/19/2022

Primary Sponsor

Ashton Clemmons

Click for details

Origin

House of Representatives

2021-2022 Session

AI Summary

  • Expands the definition of "qualified aircraft" eligible for sales and use tax exemption on aviation parts, accessories, and service contracts from aircraft weighing more than 9,000 pounds but not exceeding 15,000 pounds to all aircraft weighing 2,000 pounds or more.

  • Applies the tax exemption to aviation parts and accessories used for repair or maintenance of qualifying aircraft and related service contracts.

  • Becomes effective July 1, 2022, and applies to all sales occurring on or after that date.

Legislative Description

Expansion of Aviation Sales Tax Exemption

Public

Last Action

Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House

5/23/2022

Committee Referrals

Finance5/23/2022

Full Bill Text

No bill text available