Outside Section 18
Repeal Sales Tax Exemption for Aircraft
SECTION 18.
(A) The definition of "Tangible personal property" in section 1 of chapter 64H of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by adding the following sentence:- A transfer of an interest in an aircraft may be considered a transfer of tangible personal property under rules determined by the commissioner.
(B) Section 6 of said chapter 64H, as so appearing, is hereby amended by striking out paragraph (v v).
(C) Section 7 of chapter 64I of the General Laws, as so appearing, is hereby amended by striking out paragraph (e).
(D) This section shall take effect on August 1, 2010.
Summary:
This section repeals the sales and use tax exemptions for aircraft. It leaves in effect the exemption for aircraft parts.
