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Committee approves technical amendment and favorably reports aircraft sales/lease tax exemption bill
Summary
House Bill 253 would exempt sales, use and lease taxes on certain aircraft and aircraft parts to retain maintenance, repair and overhaul business in the state; the committee approved a technical amendment and gave the bill a favorable report.
House Bill 253, sponsored by Representative Coleman, would exempt gross receipts from the sale of certain aircraft and aircraft parts from state sales and use tax and from the state rental and lease tax. The sponsor said the change is intended to keep maintenance, repair and overhaul (MRO) work in Alabama rather than losing contracts to neighboring states that do not tax the transactions.
Representative Coleman told the committee that other states do not tax the change‑of‑ownership transactions that…
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