HB269 Engrossed is a legislative bill that seeks to amend the Code of Alabama 1975 by revising sales and use tax exemptions, particularly for certain aircraft and parts, and lease tax exemptions for aircraft not domiciled in Alabama. The bill outlines a variety of items that would be exempt from sales tax, including materials and equipment for watercraft, fuel oil for manufacturing kilns, tangible personal property for educational and government entities, pollution control devices, warranty repairs, food sales by hospital canteens, and sales of agricultural and forestry products. It also specifies exemptions for sales of diesel fuel for agricultural use, admissions to sporting events, and sales of domestically mined coal and metals for investment trusts. The bill introduces new exemptions for bingo operations, sales of agricultural products by the producer, and sales of bullion or money, with defined terms and conditions. Additionally, the bill proposes significant changes to the tax exemptions for aircraft sales and leases. It exempts gross receipts from the sale of aircraft manufactured, sold, or delivered in Alabama, as long as the aircraft is not permanently domiciled in the state and is removed to another state. It also removes the requirement for a "hub operation within this state" for the exemption of sales of aircraft replacement parts and components. The bill extends exemptions to any certificated or licensed air carrier, with conditions and local government approval required, and sets an expiration date of September 30, 2029, for these exemptions. The bill is set to become effective on September 1, 2024, and was passed unanimously by the House of Representatives on April 30, 2024. Specific and language is not provided in the text summary.

Statutes affected:
Introduced: 40-23-4
Engrossed: 40-23-4