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Bill > HB1855


MS HB1855

MS HB1855
Sales tax; exempt sales, leases or other retail transfers of certain fixed-wing aircraft.


summary

Introduced
03/14/2024
In Committee
04/05/2024
Crossed Over
03/27/2024
Passed
04/18/2024
Dead
Signed/Enacted/Adopted
04/25/2024

Introduced Session

2024 Regular Session

Bill Summary

An Act To Amend Section 27-65-101, Mississippi Code Of 1972, To Exempt From Sales Taxation Sales, Leases Or Other Retail Transfers Of Fixed-wing Aircraft To, Or To Be Used By, Certified Common Carriers In The Transport Of Persons Or Property In Interstate, Intrastate Or Foreign Commerce, And Engines, Accessories And Spare Parts For Such Fixed-wing Aircraft; And For Related Purposes.

AI Summary

This bill exempts from sales tax the sales, leases or other retail transfers of fixed-wing aircraft to, or to be used by, certified common carriers in the transport of persons or property in interstate, intrastate or foreign commerce, as well as the sales of engines, accessories and spare parts for such fixed-wing aircraft. The bill also includes provisions to ensure that any existing taxes or claims are not affected by this new exemption.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Approved by Governor (on 04/25/2024)

bill text


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