Sales and Use Tax Exemption - Aircraft Parts and Equipment - Repeal of Reporting Requirement and Extension of Sunset

This bill modifies Maryland's tax exemption for parts and equipment used to repair, maintain, or upgrade aircraft. It keeps the exemption in place for smaller planes under 12,500 pounds and larger planes used primarily in interstate or foreign commerce. The law removes the requirement for the state Comptroller to report annually on lost tax revenue and job changes related to the exemption. Additionally, it extends the exemption's expiration date from June 30, 2025, to June 30, 2030.