Loading chat...

NC H216

Bill

Official Source

Status

Introduced

2/28/2023

Primary Sponsor

Jonathan Hardister

Click for details

Origin

House of Representatives

2023-2024 Session

AI Summary

  • Expands the definition of "qualified aircraft" for sales and use tax exemption purposes from aircraft weighing more than 9,000 pounds but not exceeding 15,000 pounds to all aircraft weighing 2,000 pounds or more
  • Broadens the tax exemption to apply to aviation parts, accessories, and related service contracts used for repair or maintenance of the newly defined qualified aircraft
  • Effective July 1, 2023, and applies to sales occurring on or after that date
  • Sponsored by Representatives Hardister, Howard, Ross, and Clemmons

Legislative Description

Expansion of Aviation Sales Tax Exemption

Aviation; Commerce; Public; Retailing; Tax Exemptions; Taxation; Taxes

Last Action

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

3/1/2023

Committee Referrals

Finance3/1/2023

Full Bill Text

No bill text available