Text: HF00090 Text: HF00092 Text: HF00000 - HF00099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 422.45, subsection 38A, Code 1997, is 1 2 amended to read as follows: 1 3 38A. The gross receipts from the sale or rental of 1 4 aircraft; the sale or rental of tangible personal property 1 5 permanently affixed or attached as a component part of the 1 6 aircraft, including but not limited to repair or replacement 1 7 materials or parts; and the gross receipts of all services 1 8 used for aircraft repair, remodeling, and maintenance services 1 9 when such services are performed on aircraft, aircraft 1 10 engines, or aircraft component materials or parts. For the 1 11 purposes of this exemption, "aircraft" means aircraft used in 1 12a scheduledan interstate federal aviation administration- 1 13 certified air carrier operation. 1 14 Sec. 2. EFFECTIVE DATE. This Act, being deemed of 1 15 immediate importance, takes effect upon enactment. 1 16 EXPLANATION 1 17 Current law provides a sales tax exemption for the gross 1 18 receipts from the sale or rental of aircraft, the sale or 1 19 rental of component parts of an aircraft, and from certain 1 20 services used for aircraft repair, remodeling, and maintenance 1 21 services. The exemption is limited to aircraft used in a 1 22 scheduled interstate federal aviation administration-certified 1 23 air carrier operation. This bill removes the limitation that 1 24 the operation be scheduled and instead allows the exemption 1 25 for an aircraft used in an interstate federal aviator 1 26 administration-certified air carrier operation. 1 27 This bill is effective upon enactment. 1 28 LSB 1694HH 77 1 29 mk/jw/5
Text: HF00090 Text: HF00092 Text: HF00000 - HF00099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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