House Bill 1997 aims to amend the Tennessee Code Annotated regarding the exemption from sales and use tax on aircraft repair services and parts. The bill modifies existing definitions and terminology related to aircraft by replacing "large aircraft" with "aircraft" in multiple sections, thereby broadening the scope of the tax exemption. It also introduces new definitions for terms such as "affiliate," "aircraft," "aircraft accessories," "aircraft engine equipment," "aircraft mainframes," "authorized aircraft service facility," and "repair and refurbishment services," which clarify the types of services and equipment covered under the exemption.

Additionally, the bill removes specific references to "transport category aircraft" and updates the definitions to ensure consistency across the relevant sections of the law. The changes are intended to streamline the language and applicability of the tax exemption for aircraft repair services, making it more inclusive for various types of aircraft. The act is set to take effect on July 1, 2026.

Statutes affected:
Introduced: 67-6-302(c), 67-6-302, 67-6-302(c)(3), 67-6-313(h)(1)(D)(ii), 67-6-313, 67-6-313(k)