Bill > SB1085

This bill makes several technical amendments to Arizona's tax laws regarding transaction privilege and use taxes, particularly focusing on aircraft registration and tax exemptions. The bill adds a new definition of "always hangared aircraft" to the state's aircraft registration laws, which refers to an aircraft that is always stored in a hangar and not flown. The bill also expands tax exemptions for aviation-related equipment, specifically adding a new provision that allows tax exemptions for persons using equipment for maintaining, repairing, or overhauling general aviation aircraft. Additionally, the bill removes some language specifying that certain equipment repairs must be done by or on behalf of a certificated or licensed carrier of persons or property, potentially broadening the scope of who can benefit from these tax exemptions. The changes apply to taxable periods beginning on or after the first day of the month following the bill's general effective date, and are intended to provide more flexibility and clarity in Arizona's tax treatment of aviation-related equipment and aircraft.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/81914