BILL · 2001–02 SESSION

HB 2971: Aircraft parts/tax deduction

Establishing a business and occupation tax rate for certain FAR part 145 certificated repair stations.

Summary

  • $ Reduces business and occupation tax rate from 0.484 percent to 0.275 percent on the sale and repair of equipment used in interstate or foreign commerce by certain FAA certificated aircraft repair facilities.
  • $ Ends the lower rate on June 30, 2005.
  • $ Requires businesses using the special tax rate to report information on jobs and wages.
  • Majority/Minority Report: None.

From the House Bill Report (HB 2971), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedFeb 16, 2002
  2. Out of committeeFeb 16, 2002
  3. Passed HouseFeb 18, 2002
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Aaron Reardon (D-38)
Introduced
February 16, 2002 in the House
Last action
March 14, 2002
Budget
Has a fiscal note

AN ACT Relating to establishing a business and occupation tax rate for certain FAR part 145 certificated repair stations;

Sponsors

Votes

House · Final Passage

Passed February 18, 2002
Version voted on: HB 2971
91 Yea 7 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat43700
Republican48000
How each member voted

Yea (91)

History

  1. By resolution, returned to House Rules Committee for third reading.
  2. First reading, referred to Ways & Means.
  3. Third reading, passed; yeas, 91; nays, 7; absent, 0; excused, 0.
  4. Rules suspended. Placed on Third Reading.
  5. Rules Committee relieved of further consideration. Placed on second reading.
  6. First reading, referred to Rules.

HB 2971 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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