This bill amends the Use Tax Act of 1937 by modifying Section 4k to clarify the tax exemptions applicable to aircraft and related parts. The bill specifies that the tax does not apply to the use of an aircraft by a domestic air carrier if the aircraft has a maximum certificated takeoff weight of at least 6,000 pounds and is used solely for transporting air cargo, passengers, or a combination of both. Additionally, it removes previous conditions regarding the aircraft's weight and the specific types of operations that qualify for the exemption.

Furthermore, the bill eliminates certain conditions related to the sale of parts and materials affixed to aircraft, as well as the temporary location of aircraft in the state for evaluation or maintenance. It introduces new definitions for terms such as "aircraft," "customization," and "qualified truck," while also updating the language regarding the registration of aircraft. The bill is set to take effect 90 days after being enacted, contingent upon the passage of related legislation.

Statutes affected:
House Introduced Bill: 205.94