2016 New Jersey Revised Statutes
Title 54 - Taxation
Section 54:32B-8.35 - Exemption For Receipts From Aircraft Sales, Repairs.
54:32B-8.35 Exemption for receipts from aircraft sales, repairs.
1.Receipts from:
a.sales of aircraft and repairs thereto including machinery or equipment to be installed on such aircraft and replacement parts therefor when utilized by an air carrier as defined by the Civil Aeronautics Board or the Code of Federal Regulations having its principal place of operations within the State and engaging in interstate, foreign, or intrastate air commerce; and
b.repairs on aircraft having a maximum certificated takeoff weight, as contained in the certificate type issued by the Federal Aviation Administration, of 6,000 pounds or more, including machinery or equipment to be installed on such aircraft and replacement parts therefor;
are exempt from the tax imposed under the Sales and Use Tax Act.
L.1980,c.98,s.1; amended 1999, c.246.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
