Bill > S07135

This bill relates to the imposition of sales and compensating use taxes on certain aircraft. Specifically, it amends the Tax Law to include non-commercial aircraft with a seating capacity of less than 20 passengers and a maximum capacity of less than 6,000 pounds under the provisions that apply to the taxation of motor vehicles and vessels leased for one year or more. Additionally, it repeals the existing exemption from sales and compensating use taxes for general aviation aircraft and related machinery or equipment. The bill aims to subject these types of aircraft transactions to sales and use tax, with some exceptions, and provides guidance on the calculation and refund of such taxes.