TAX EXEMPTIONS: Provides relative to a property tax exemption for certain private aircraft (EN DECREASE LF RV See Note)
HB 493 would create a property tax exemption for private aircraft meeting a specific weight threshold (adjusted by an amendment removing "or less" from the weight limit). It directly affects private aircraft owners who operate planes under the defined weight requirement. The key provision eliminates property tax liability for qualifying aircraft on the owner's property tax bill. The bill is currently moving through legislative process, having passed committee favorably and advanced to third reading.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2025
Committee Review
May 2025
House Passage
Jun 2025
Senate Passage
Jun 2025
Signed into Law
Jun 2025
Introduced Apr 4, 2025
Signed Jun 11, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
HB493 Original
→
HB493 Act 283
·
3 edits
MINOR
This bill expands a property tax exemption for private aircraft to include limited liability companies (LLCs), whereas the original version only applied to private individuals. The weight threshold for the exemption was also increased from 6,000 pounds to 7,000 pounds, and a new requirement was added stating the aircraft must be used in operations compliant with federal aviation regulations (14 CFR Part 91). These changes broaden the group of eligible owners and allow slightly heavier aircraft to qualify for tax relief.
Scope change
The bill's scope expanded from covering only private individuals to also covering limited liability companies, and the weight limit for eligible aircraft was raised.
ELIGIBILITY
Extended the property tax exemption to include aircraft owned by limited liability companies, in addition to private individuals.
THRESHOLDS
Increased the maximum operating empty weight for tax-exempt aircraft from 6,000 pounds to 7,000 pounds.
REQUIREMENT
Added a specific requirement that the aircraft must be used in operations governed by 14 CFR Part 91.
Floor votes · Senate Jun 2, 2025 · House May 14, 2025
How they voted
36–0
Passed · 1 other
Total votes 37
Jun 2, 2025
D
Democratic11
90% Yea
R
Republican26
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
23
Key actions
5
Committee
5
Jun 4, 2025
Lower · Passed
Read by title, roll called, yeas 87, nays 0, Senate amendments concurred in.
lower
Jun 2, 2025
Upper · Passed
The amended bill was read by title, passed by a vote of 38 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
upper
May 28, 2025
Committee
Committee amendments read and adopted. Read by title and referred to the Legislative Bureau.
upper
May 27, 2025
Upper · Passed
Reported with amendments.
upper
May 14, 2025
Lower · Passed
Read third time by title, amended, roll called on final passage, yeas 96, nays 0. Finally passed, title adopted, ordered to the Senate.
lower
May 12, 2025
Lower · Passed
Reported favorably (12-0).
lower
Apr 14, 2025
Committee
Read by title, under the rules, referred to the Committee on Ways and Means.
lower
Apr 4, 2025
Committee
Under the rules, provisionally referred to the Committee on Ways and Means.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Raymond Crews
RRepublican
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