New York fails to pass tax break

December 21, 2006, 11:13 AM

The New York State Assembly didn’t follow the Senate’s lead and pass legislation that would exempt Part 91 aircraft from sales and use taxes. The bill’s sponsors said they intend to reintroduce the measure early this year. “This bill would make New York competitive with other [nearby] states that already exempt sales taxes related to aviation activities,” Sen. Bill Larkin (R-39th District) said. “Connecticut, Massachusetts, New Jersey and New Hampshire already exempt GA aircraft from sales and use taxes.”

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