Text: H09286 Text: H09288 Text: H09200 - H09299 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend House File 2560 as follows:
1 2 #1. Page 2, by inserting after line 3 the
1 3 following:
1 4 "Sec. ___. Section 422.45, Code Supplement 1997,
1 5 is amended by adding the following new subsection:
1 6 NEW SUBSECTION. 38B. The gross receipts from the
1 7 sale or rental of tangible personal property
1 8 permanently affixed or attached as a component part of
1 9 the aircraft, including but not limited to repair or
1 10 replacement materials or parts; and the gross receipts
1 11 of all services used for aircraft repair, remodeling,
1 12 and maintenance services when such services are
1 13 performed on aircraft, aircraft engines, or aircraft
1 14 component materials or parts. For the purposes of
1 15 this exemption, "aircraft" means aircraft used in
1 16 nonscheduled interstate federal aviation
1 17 administration-certified air carrier operation
1 18 operating under 14 C.F.R. ch. 1, pt. 135.
1 19 Sec. ___. Section 422.45, Code Supplement 1997, is
1 20 amended by adding the following new subsection:
1 21 NEW SUBSECTION. 38C. The gross receipts from the
1 22 sale of aircraft to an aircraft dealer who in turn
1 23 rents or leases the aircraft if all of the following
1 24 apply:
1 25 a. The aircraft is kept in the inventory of the
1 26 dealer for sale at all times.
1 27 b. The dealer reserves the right to immediately
1 28 take the aircraft from the renter or lessee when a
1 29 buyer is found.
1 30 c. The renter or lessee is aware that the dealer
1 31 will immediately take the aircraft when a buyer is
1 32 found.
1 33 If an aircraft exempt under this subsection is used
1 34 for any purpose other than leasing or renting, or the
1 35 conditions in paragraphs "a", "b", and "c" are not
1 36 continuously met, the dealer claiming the exemption
1 37 under this subsection is liable for the tax that would
1 38 have been due except for this subsection. The tax
1 39 shall be computed upon the original purchase price."
1 40 #2. Title page, line 1, by inserting after the
1 41 word "fees" the following: "and sales tax
1 42 exemptions".
1 43
1 44
1 45
1 46 VAN FOSSEN of Scott
1 47 BELL of Jasper
1 48 HF 2560.201 77
1 49 mg/jl/28
Text: H09286 Text: H09288 Text: H09200 - H09299 Text: H Index Bills and Amendments: General Index Bill History: General Index
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