Signature Flight Support’s bid to purchase the Jet Systems and Million Air White Plains FBOs at Westchester County Airport stalled when last week’s vote on the transaction by the county board of legislators was tabled until next year.
Aircraft maintenance labor charges will be largely exempt from Florida state taxes effective January 1, according to the Florida Aviation Trades Association (FATA). Airplanes with an mtow of more than 2,000 pounds and rotorcraft with an mtow of more than 10,000 pounds are covered under legislation introduced and passed in mid-March during the 2012 Florida Legislative Session.
FATA worked with the Florida Airports Council and AOPA to change the language of the statute to clarify that FBOs and MROs are exempt from the “intangible tax.”
Elliott Aviation of Moline, Ill., is waiting for the outcome of a vote on Illinois House Bill 4110 before making an expansion decision. It would grant tax-exempt status on two parcels of ground the MRO leases on Quad-City International Airport, as well as exemption from future property taxes on new improvements. The company released a statement saying it would evaluate other areas of the country for expansion if the bill failed to pass.
Idaho Governor Butch Otter has signed bill H.417, which exempts sales tax on aircraft parts installed on out-of-state aircraft. An emergency clause included in the legislation makes the bill take effect immediately.
A 21-day sales tax exemption provision for out-of-state residents bringing newly purchased aircraft into Florida failed to pass the Florida Legislature last month. The bill passed the state’s House in late April, but the Senate refused to hear the bill based upon language that “allegedly created a negative revenue impact on the state budget.”
New York’s state Senate last week passed legislation (S.3655) sponsored by Sen. Bill Larkin (R-39th District) to provide a sales and use tax exemption on general aviation airplanes to be operated under Part 91 and purchased in the state. The exemption, if passed by the state Assembly and signed by the governor, would take effect on December 1.
New York’s state Senate passed legislation (S.3655) sponsored by Sen. Bill Larkin (R-Croton-on-Hudson) to provide a sales and use tax exemption on general aviation airplanes to be operated under Part 91 and purchased in the state. The exemption, if passed by the state’s Assembly and signed by the governor, would go into effect on December 1.