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ND HB1157
Bill
Status
Passed
3/29/2011
Primary Sponsor
Matthew Klein
Click for details
AI Summary
- Creates an exemption from North Dakota's aircraft excise tax for aircraft acquired by an in-state aviation museum that holds 501(c)(3) federal tax-exempt status.
- Requires aviation museums claiming the exemption to comply with sections 57-40.5-04 and 57-40.5-05 of the North Dakota Century Code.
- Prohibits exempted aircraft from being used for commercial activities, except for fee-based activities where proceeds benefit the aviation museum.
- Effective for taxable events occurring after June 30, 2011.
- Passed with overwhelming bipartisan support: 92-0 in the House and 44-0 in the Senate.
Legislative Description
An exemption from aircraft excise tax for aircraft acquired by an aviation museum; and to provide an effective date.
Last Action
Filed with Secretary Of State 03/28
4/14/2011
Committee Referrals
Finance and Taxation1/6/2011
Full Bill Text
No bill text available