006.05.08 Ark. Code R. § 30.1 - EXEMPTIONS FROM TAX - REPAIR OF COMMERCIAL JET AIRCRAFT:
A. The gross receipts or gross proceeds
derived from the alteration, addition, cleaning, refinishing, replacement or
repair of commercial jet aircraft, commercial jet aircraft components or
commercial jet aircraft subcomponents are exempt from sales tax.
B. The gross receipts or gross proceeds
derived from the sale of parts or other tangible personal property which is
incorporated into or becomes a part of commercial jet aircraft, commercial jet
aircraft components or commercial jet aircraft subcomponents are exempt from
sales or use tax.
C. "Commercial
jet aircraft" means any commercial, military, private, or other turbine or
turbojet aircraft having a certified maximum take-off weight of more than
12,500 pounds.
Notes
Ark. Code Ann. § 26-52-401(28)
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