Exempts certain aircraft sales from Michigan sales tax.

Michigan HB4119 amends the sales tax law to exempt sales of aircraft and related parts from the tax. Specifically, it exempts sales of aircraft weighing at least 6,000 pounds to domestic air carriers for air cargo or passenger transport. It also exempts sales of parts or materials affixed to aircraft not based or registered in Michigan. Additionally, it exempts sales of aircraft temporarily in Michigan for evaluation, customization, improvement, maintenance, or repair if the aircraft leaves within 15 days. The bill aims to compensate for any revenue loss to the state school aid fund.

Exempts certain aircraft sales from Michigan sales tax.

Michigan HB4119 amends the sales tax law to exempt sales of aircraft and related parts from the tax. Specifically, it exempts sales of aircraft weighing at least 6,000 pounds to domestic air carriers for air cargo or passenger transport. It also exempts sales of parts or materials affixed to aircraft not based or registered in Michigan. Additionally, it exempts sales of aircraft temporarily in Michigan for evaluation, customization, improvement, maintenance, or repair if the aircraft leaves within 15 days. The bill aims to compensate for any revenue loss to the state school aid fund.