This bill proposes amendments to sections 42-5061 and 42-5159 of the Arizona Revised Statutes, specifically updating the language regarding the use of machinery, tools, and equipment in the context of aircraft maintenance. The current law specifies that these items are used in the repair and maintenance of aircraft, but it limits this provision to activities conducted "by or on behalf of a certificated or licensed carrier of persons or property." The bill removes this limitation, allowing any person who uses the property for maintaining, repairing, or overhauling general aviation aircraft to benefit from the tax provisions.

Additionally, the bill establishes that the new provisions will apply to taxable periods beginning on or after the first day of the month following the general effective date of the act. This change aims to broaden the scope of who can utilize the tax benefits associated with aircraft maintenance, thereby potentially encouraging more individuals and businesses to engage in general aviation activities.

Statutes affected:
Introduced Version: 42-5061, 42-5159, 42-5156, 23-501, 36-1901, 28-5201, 42-5074, 42-6017, 88-525, 95-627, 99-661, 111-296, 28-5739, 28-8344, 42-5001, 42-5075, 42-5009, 28-2154, 28-2154.01, 42-5073, 3-311, 46-191, 36-551, 41-3201, 41-1514.02, 1-215, 49-426, 49-480, 41-1516, 44-1771, 42-5014, 42-5063, 45-604, 28-1171, 104-104, 41-1519, 44-1302, 42-5064, 42-5029, 42-5032.01