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Senate Bill 1396 |
Senate Author: West |
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Effective: 9-1-15 |
House Sponsor: Paddie |
Senate Bill 1396 amends the Tax Code to clarify the sales and use taxation of aircraft as it pertains to the resale and use of aircraft, certificated or licensed carriers, certain transactions between related persons involving an aircraft, and the imposition of tax on aircraft operated under fractional ownership programs.