AN ACT EXEMPTING ALL AIRCRAFT FROM THE SALES AND USE TAXES.

HB 5026 exempts the sale, storage, use, and consumption of aircraft weighing less than 6,000 pounds (maximum certificated takeoff weight) from state sales and use taxes. This change directly affects owners, buyers, and sellers of small aircraft, such as personal or small business planes. The bill amends existing tax law to create a uniform exemption for this category of aircraft, removing a tax burden previously applied to their purchase and use. It does not apply to larger aircraft or other taxable items.