Sec. 1. 36 MRSA §1760, sub-§23-C, śC, as enacted by PL 1999, c. 759, §2 and affected by §5, is repealed.

Sec. 2. 36 MRSA §1760, sub-§88 is enacted to read:

88.__Aircraft and parts.__Sales or leases of aircraft or repair or replacement parts exclusively for use in aircraft or in the significant overhauling or rebuilding of aircraft or aircraft parts or components.

SUMMARY

Current law provides an exemption from sales tax for aircraft purchased or leased by a nonresident and immediately transported out of the State.

This bill expands the exemption to include sales or leases of any aircraft and repair or replacement parts used exclusively in aircraft or in the overhauling or rebuilding of aircraft.