Bill > SB0886

This bill amends the Michigan Use Tax Act to exempt the use of certain aircraft by domestic air carriers. Specifically, it exempts the use of aircraft with a maximum certificated takeoff weight of at least 6,000 pounds that are used solely in the transport of air cargo, passengers, or a combination of both. The bill also exempts the sale of parts or materials affixed to such aircraft, as well as the sale of certain aircraft that leave the state within 15 days after the sale and any associated customization, improvement, maintenance, or repair. The bill defines key terms like "aircraft," "domestic air carrier," and "prepurchase evaluation." It also includes provisions related to the effective date and the intent to appropriate funds to fully compensate the State School Aid Fund for any revenue loss resulting from the enactment of this bill.