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NC H1046

Bill

Official Source

Status

Engrossed

6/9/2022

Primary Sponsor

Jonathan Hardister

Click for details

Origin

House of Representatives

2021-2022 Session

AI Summary

  • Expands the definition of "qualified aircraft" from aircraft weighing more than 9,000 pounds but not exceeding 15,000 pounds to aircraft weighing 2,000 pounds and above

  • Broadens the sales and use tax exemption to apply to parts and accessories used in repair or maintenance of aircraft with a maximum take-off weight of 2,000 pounds and above

  • Adds aircraft with a gross take-off weight of more than 2,000 pounds as an additional category eligible for the tax exemption

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

Legislative Description

Expand Aviation Sales Tax Exemption

Public

Last Action

Ref To Com On Rules and Operations of the Senate

6/9/2022

Committee Referrals

Rules and Operations of the Senate6/9/2022
Rules, Calendar, and Operations of the House6/7/2022
Finance5/26/2022

Full Bill Text

No bill text available