[Second Reprint]

ASSEMBLY, No. 2470

 

STATE OF NEW JERSEY

 

INTRODUCED NOVEMBER 14, 1996

 

 

By Assemblymen LeFEVRE, BLEE,

DiGaetano and Asselta

 

 

An Act providing an exemption for certain aircraft repairs and services under the sales and use tax, amending P.L.1980, c.98.

 

    Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

    1. Section 1 of P.L.1980, c.98 (C.54:32B-8.35) is amended to read as follows:

    1. Receipts from:

    a. sales of aircraft and repairs thereto including machinery or equipment to be installed on such aircraft and replacement parts therefor when utilized by an air carrier as defined by the Civil Aeronautics Board or the Code of Federal Regulations having its principal place of operations within the State 1[an] and1 engaging in interstate, foreign, or intrastate air commerce; and

    b. charges for 2[such]2 services 2[as] involved in2 the maintaining, servicing, or repairing of an aircraft at an airport facility 1[funded with lease financing under the powers of the South Jersey Transportation Authority pursuant to P.L.1991, c.252 (C.27:25A-1 et seq.)]1 2, including machinery or equipment to be installed on such aircraft and replacement parts therefor2; are exempt from the tax imposed under the Sales and Use Tax Act2.2

(cf: P.L.1980, c.98, s.1)

 

    2. This act shall take effect immediately.

 

 

                             

Exempts certain aircraft repair and services from sales and use tax.