Bills have been filed in both the Florida House and Senate to address a Use Tax exemption for aircraft brought into the state on a temporary basis.
According to the Florida Aviation Trades Association (FATA), the House bill has a provision for a reduction on the sales tax on the sale of an aircraft. The Senate bill excludes this provision and only addresses the Use Tax exemption.
FATA has been lobbying for a Use Tax exemption, as current law allows the state to tax aircraft brought into the state — even if only for a vacation, flight training or maintenance — within six months of buying the aircraft.
Senate bill 220, introduced by Sen. Mike Fasano (R-11) provides an exemption from the use tax for an aircraft that temporarily enters the state or is temporarily in the state for certain purposes. It requires documentation that identifies the aircraft in order to qualify for the exemption. If approved, its effective date would be July 1, 2010.
House Bill 173, filed by Representative Ralph Poppell (R-29), provides an alternative tax rate on sales of aircraft; exempts from use tax aircraft owned by nonresidents and entering and remaining in the state for specified purposes; and deletes mandatory penalty provisions. Its effective date also is July 1, 2010.
For more information: FATA.aero