Bill > A349

Introduced Session

This bill provides a sales tax exemption for maintaining, servicing, or repairing of aircraft and sales of machinery or equipment and replacement parts installed on aircraft within the aviation district. For purposes of the bill, an aviation district means all areas within the boundaries of the Atlantic City International Airport, and the Federal Aviation Administration William J. Hughes Technical Center, and the area within a one-mile radius of the outermost boundary of the Atlantic City International Airport and the Federal Aviation Administration William J. Hughes Technical Center. The aviation district is included as an economic incentive zone under several State economic development incentive acts. This sales tax exemption will further encourage the expansion of aircraft service and repair facilities among the several other aviation and technology related facilities that are developing in this zone. The addition of this sales tax exemption will provide an additional economic incentive within this zone and will aid in further diversifying the economy of the surrounding area of the zone that has been heavily dependent on a casino and tourism-based economy.

AI Summary

Committee Categories

Claire Swift (R)*, 

Introduced, Referred to Assembly Appropriations Committee (on 01/09/2024)

Official Document