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, it introduces a new provision that removes the existing limitation on the exemption, which previously applied only to aircraft with a maximum certificated takeoff weight of less than six thousand pounds.

The purpose of this legislation is to create a uniform exemption for all aircraft, thereby simplifying the tax structure related to aircraft sales and usage. By eliminating the weight restriction, the bill seeks to encourage the purchase and use of aircraft without the burden of sales and use taxes, potentially benefiting the aviation industry and related sectors.