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Business aviation, airports urge repeal of luxury aircraft tax; port urges caution to protect SAF funding
Summary
Hundreds of aviation industry witnesses and airport officials told the committee HB 2347 should repeal the recently enacted 10% luxury aircraft tax on noncommercial aircraft above $500,000, citing aircraft relocations, job and revenue losses and practical enforcement problems; the Port of Seattle urged working toward a fix that preserves sustainable aviation fuel (SAF) funding.
The House Transportation Committee heard extensive public testimony on House Bill 2347, a proposal to repeal the luxury aircraft tax enacted last year (referred to in testimony as Senate Bill 5801). Staff explained the existing tax imposes a 10% sales and use tax on noncommercial aircraft value above $500,000 and directs proceeds into a sustainable aviation fuel account for SAF research, development and infrastructure. The bill before the committee would repeal that tax and take effect immediately.
Lily Smith, committee staff, told the committee that the tax is scheduled to take effect on April 1 and described the fiscal note included in the bill packet: repealing the tax would reduce state receipts by an estimated $700,000 beginning in the current fiscal year (starting April 1) and by just over…
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