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Committee advances HB 10-10 to expand 'flyaway' exemption for certain aircraft sales
REVENUE & TAX - SENATE · February 8, 2021
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Summary
HB 10-10 would remove a maximum takeoff weight threshold from the state 'flyaway' sales-tax exemption so Arkansas sellers need not collect sales tax when an aircraft will be based out of state; sponsors said there is no expected revenue impact.
Senator Mark Johnson (District 15) presented House Bill 10-10 as a cleanup measure to expand the existing 'flyaway' exemption for certain aircraft sales by removing the maximum takeoff-weight requirement. The sponsor said the exemption originally covered sales between out-of-state…
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