Amendment H-8083 to HF 2573

Filed March 4, 2020 in the House by

What it changes

1. Page 1, before line 1 by inserting: “DIVISION I AIRCRAFT SALES AND USE TAX EXEMPTION”
2. Page 1, after line 19 by inserting: “DIVISION ___ FUTURE AMENDMENTS Sec. ___. Section 423.3, subsections 74 and 76, Code 2020, are amended by striking the subsections and inserting in lieu thereof the following:
3. The sales price from the sale of aircraft for use in a scheduled interstate federal aviation administration certificated air carrier operation.
4. The sales price from the sale or rental of tangible personal property permanently affixed or attached as a component part of the aircraft, including but not limited to repair or replacement materials or parts; and the sales price of all services used for aircraft repair, remodeling, and maintenance services when such services are performed on aircraft, aircraft engines, or aircraft component materials or parts. For the purposes of this exemption, “aircraft” means aircraft used in nonscheduled interstate federal aviation administration certificated air carrier operation operating under 14 C.F.R. ch. 1, pt.
5. Sec. ___. Section 423.3, Code 2020, is amended by adding the following new subsection: NEW SUBSECTION .
6. The sales price from the sale or rental of aircraft; the sale or rental of tangible personal property permanently affixed or attached as a component part of the aircraft, including but not limited to repair or replacement materials or parts; and the sales price of all services used for aircraft repair, remodeling, and maintenance services when such services are performed on aircraft, aircraft engines, or aircraft component materials or parts. For the purposes of this exemption, “aircraft” means aircraft used in a scheduled interstate federal aviation administration certificated air carrier operation. Sec. ___. EFFECTIVE DATE. This division of this Act takes effect July 1,
7. ”
8. Title page, line 3, after “aircraft” by inserting “, and including effective date provisions”
9. By renumbering as necessary.

Official amendment (PDF) · In the Bill Book