006.05.06 Ark. Code R. 005-GR-30.1

Current through Register Vol. 49, No. 9, September, 2024

Rule 006.05.06-005-GR-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.

006.05.06 Ark. Code R. 005-GR-30.1

Ark. Code Ann. § 26-52-401(28)