VirginiaRetail Sales and Use Tax; removes sunset for aircraft components.
What it does
Retail sales and use tax; aircraft components. Removes the July 1, 2025, sunset for the retail sales and use tax exemption for parts, engines, and supplies used for maintaining, repairing, or reconditioning aircraft or any aircraft's avionics system, engine, or component parts. The bill also redefines a manned systems aircraft for purposes of the exemption to include aircraft with any maximum takeoff weight.
More detail
Under current law, a manned systems aircraft is defined to include only aircraft with a maximum takeoff weight of at least 2,400 pounds. This bill was incorporated into HB 1729.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jan 22Incorporated by Finance (HB1729-Delaney) (Voice Vote)Latest
- Jan 21Subcommittee recommends incorporating into HB1729-Delaney (Voice Vote)
- Jan 20Assigned Finance sub: Subcommittee #2Minor
- Jan 17Impact statement from TAX (HB2248)
- Jan 7Referred to Committee on FinanceMinor
- Jan 7Prefiled and ordered printed; Offered 01-08-2025 25103134DIntroduced