Bill > SB2143

This bill expands the sales and use tax exemption for aircraft repair and refurbishment services and parts in Tennessee. Previously, this exemption primarily applied to "large aircraft" or "transport category aircraft," which are defined by specific federal aviation regulations. This bill broadens the exemption to include all types of aircraft, including helicopters, regardless of their size or category, as long as the repairs are performed by Tennessee-based companies holding a valid air agency certificate from the Federal Aviation Administration (FAA) and the aircraft will be removed from the state after the repairs are completed. The bill also clarifies definitions for terms like "aircraft," "aircraft accessories," "aircraft engine equipment," and "repair and refurbishment services" to ensure a comprehensive application of the exemption, which will take effect on July 1, 2026.

Budget and Finance

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2143&ga=114