HB490

Exempts sales of fixed-wing aircraft from sales tax if exported within 30 days and registered in another state.

Mississippi HB490 amends the state sales tax code to exempt the gross proceeds from the sale of fixed-wing aircraft if exported from Mississippi within thirty days and registered and first used in another state. The bill specifies that this exemption applies to sales of fixed-wing aircraft that meet certain criteria, including being exported and registered in another state within the specified timeframe. The exemption is intended to encourage the sale and export of fixed-wing aircraft from Mississippi, potentially benefiting businesses involved in the aircraft industry.