The bill aims to expand the existing sales tax exemption on aviation fuel to include a broader range of aircraft-related items, such as parts and equipment. This expansion is intended to support the aviation industry by reducing costs for operators and promoting growth in the sector. The bill's main provisions include extending the tax exemption beyond just fuel to cover additional aviation-related purchases. This change is expected to have a positive impact on the industry by making it more competitive and financially viable for businesses operating within the aviation sector.
2023-02-28: Filed
2023-03-01: Passed 1st Reading
2023-03-01: Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House
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