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MS HB490

MS HB490
Sales tax; exempt certain sales of fixed-wing aircraft.


summary

Introduced
01/12/2026
In Committee
01/12/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

An Act To Amend Section 27-65-101, Mississippi Code Of 1972, To Exempt From Sales Taxation Sales Of Fixed-wing Aircraft If Exported From This State Within Thirty Days And Registered And First Used In Another State; And For Related Purposes.

AI Summary

This bill amends Mississippi's sales tax laws to exempt certain sales of fixed-wing aircraft from taxation. Specifically, it adds a new provision that exempts the gross proceeds from the sale of fixed-wing aircraft if the aircraft is exported from Mississippi within thirty days of purchase and is then registered and first used in another state. This exemption is intended to encourage aircraft sales where the aircraft will not be used within Mississippi.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred To Ways and Means (on 01/12/2026)

bill text


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