New York A03085 repeals sales and compensating use tax exemptions for general aviation aircraft and related equipment.
New York A03085 amends the tax law to repeal exemptions from sales and compensating use taxes for general aviation aircraft and machinery or equipment installed on such aircraft. This change means that these items will now be subject to applicable taxes, aligning the tax treatment with other similar items. The bill affects aircraft owners and businesses involved in the sale or installation of such equipment.
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