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2007 SESSION
HB 2013 Aircraft; establishes separate class of tangible personal property therefor.
Introduced by: Terrie L. Suit | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Tangible personal property; classifications. Establishes a separate class of tangible personal property for aircraft that are (i) Warbirds, manufactured or intended for military use, excluding those manufactured after 1954, and (ii) used only for (a) exhibit or display to the general public or (b) air show and flight demonstrations. Aircraft used for commercial or private general transportation would not be included in this new class of property. This bill is identical to SB 1171.
SUMMARY AS INTRODUCED:
Tangible personal property; classifications. Establishes a separate class of tangible personal property for aircraft that are (i) at least 50 years old and (ii) used only for (a) exhibit or display to the general public or (b) air show and flight demonstrations. Aircraft used for commercial or private general transportation would not be included in this new class of property.