The proposed bill, General Assembly Proposed Bill No. 5026, aims to amend subdivision (99) of section 12-412 of the general statutes to exempt all aircraft from sales and use taxes. Specifically, the bill introduces new legal language that states the sale, storage, use, or other consumption of aircraft with a maximum certificated takeoff weight of less than six thousand pounds will be exempt from these taxes.

The purpose of this legislation is to create a uniform exemption for all aircraft, thereby simplifying the tax structure related to aircraft transactions. This change is intended to encourage the use and ownership of aircraft by removing the financial burden of sales and use taxes.