Bill > A01523

This bill amends the New York tax law to impose sales and compensating use taxes on certain noncommercial aircraft, repealing the previous exemption for general aviation aircraft and related equipment. Specifically, the bill subjects leases of noncommercial aircraft with less than 20 passenger seats and a maximum capacity under 6,000 pounds to the same tax treatment as leases of motor vehicles and vessels. The bill also provides rules for the calculation of sales tax on transfers of these aircraft. Finally, the bill repeals the existing exemption for general aviation aircraft and related equipment from sales and use taxes.