Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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A

105.0000 AIRCRAFT—Regulation 1593

Annotation 105.0065.500

105.0065.500 Cargo Containers, Pallets and Nets. Section 6366 provides an exemption from tax for the sale of and the storage, use or other consumption of tangible personal property that is purchased on or after October 1, 1996 and becomes a component part of any aircraft as described by section 6366(a)(1) as a result of the maintenance, repair, overhaul, or improvement of that aircraft in compliance with FAA requirements.

Cargo containers designed to be secured and which are, in fact, secured to qualifying aircraft during flight qualify as component parts, sales of which are exempt. Cargo pallets and nets, if sold to contain the cargo during flight and which are, in fact, secured to qualifying aircraft during flight, will also qualify as component parts, sales of which are exempt. 12/2/97. (M99–1).