Bill > SB1030

This bill modifies the Texas Tax Code to expand the sales and use tax exemption for aircraft components and operational materials. Specifically, the bill removes previous language that limited the tax exemption to aircraft owned or operated by certain specific entities, and instead creates a broader exemption for tangible personal property that is either permanently affixed as a component part of an aircraft or necessary for the normal operations of an aircraft (such as fluids that are pumped, poured, or otherwise placed into the aircraft). This means that more aircraft-related property will now be exempt from sales and use taxes, regardless of the aircraft's ownership or operator. The bill will take effect on September 1, 2025, and does not retroactively affect tax liabilities that accrued before its effective date, ensuring that existing tax obligations remain unchanged.