CHAPTER 246

An Act providing an exemption for certain aircraft repairs under the sales and use tax, amending P.L.1980, c.98.

Be It Enacted by the Senate and General Assembly of the State of New Jersey:

1. Section 1 of P.L.1980, c.98 (C.54:32B-8.35) is amended to read as follows:

C.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.

2. This act shall take effect on the first day of the third month following enactment.

Approved October 15, 1999.