Fri, Feb 17, 2012
Measure Provides Sales Tax Exemption On Maintenance, Parts To
Aircraft With MCTOW Above 2,000 Pounds
The Florida House of Representatives has voted to expand the
state’s sales tax exemption on aviation maintenance parts and
labor to include lighter turbine and piston aircraft.
House Bill 7087, an economic development package backed by AOPA
and the Florida Aviation Trades Association (FATA), passed
Wednesday with provisions making aircraft with a maximum certified
takeoff weight of more than 2,000 pounds eligible for the tax
exemption. The exemption is currently given to aircraft weighing
more than 15,000 pounds, along with rotary-wing aircraft weighing
more than 10,000 pounds maximum certified takeoff weight.
The bill was introduced by Rep. Stephen L. Precourt (R-Orlando),
chairman of the Finance and Tax Committee, and moved directly to
the full House, bypassing the committee referral process. The bill
combined parts of two bills supported by AOPA and FATA into a
larger economic development measure.
Final passage would put Florida among a growing number of states
with tax exemptions boosting aircraft-repair businesses and jobs.
“This legislation is another step toward creating jobs in
Florida,” said Rep. Steve Crisafulli (R-Merritt Island), the
bill’s co-sponsor. “For too long Florida has lost
aircraft maintenance and repair business to other states because it
hasn't remained competitive in its tax policy.”
“We are very encouraged with the House passage of this
significant legislation,” said Mark Kimberling, AOPA’s
director of state government affairs. “We are now one
step closer to finally extending the state sales tax exemption on
maintenance to GA aircraft in the state. Lighter single and
multi-engine GA aircraft are the heart of the aviation industry in
Florida,” he said. “We will now turn our attention to
the Senate as we continue to work to get this important measure
signed into law.”
A similar bill was introduced last year in the Florida Senate,
but the state legislature was unable to get it through both
chambers before the session expired.
More News
Airport Rotating Beacon A visual NAVAID operated at many airports. At civil airports, alternating white and green flashes indicate the location of the airport. At military airports>[...]
Aero Linx: Fly for the Culture Fly For the Culture, Inc. is a 501(c)(3) non-profit organization that serves young people interested in pursuing professions in the aviation industry>[...]
Klyde Is Having Some Issues Comprehending The Fed's Priorities FMI: www.klydemorris.com>[...]
Also: Viasat-uAvionix, UL94 Fuel Investigation, AF Materiel Command, NTSB Safety Alert Norges Luftsportforbund chose Aura Aero's little 2-seater in electric trim for their next gli>[...]
Also: EP Systems' Battery, Boeing SAF, Repeat TBM 960 Order, Japan Coast Guard H225 Buy Despite nearly 100 complaints totaling millions of dollars of potential fraud, combined with>[...]