Exemption Extention Form For Labor, Repair, Maintenance, Sales, And Leases Of Certain Aircraft printable pdf download

Exemption Extention Form For Labor, Repair, Maintenance, Sales, And Leases Of Certain Aircraft

TIP # 06A01-07

DATE ISSUED: June 23, 2006

Exemption Extended for Labor, Repair,

Maintenance, Sales, And Leases of Certain

Aircraft

Effective July 1, 2006, qualified aircraft will be exempt from tax on repair and maintenance, the

related charges for labor, and the sale or lease of such aircraft.

Qualified Aircraft Defined

The term "qualified aircraft" means any aircraft having a maximum certified takeoff weight of less

than 10,000 pounds and equipped with twin turbofan engines that meet Stage IV noise requirements

that is used by a business operating as an on-demand air carrier under Federal Aviation

Administration Regulation Title 14, chapter I, part 135, Code of Federal Regulations, that owns and

operates a fleet of at least 25 of such aircraft in Florida.

Exempt Transactions

A purchaser or lessee of qualified aircraft, after fulfilling specific requirements, can make the

following purchases tax exempt:

Labor charges for the repair and maintenance of the qualified aircraft;

Replacement engines, parts, and equipment used in the repair or maintenance of the qualified

aircraft when such parts or equipment are installed; and

Sales or leases of qualified aircraft.

Requirements for Exemption

To qualify for these exemptions, a purchaser or lessee must meet the following requirements:

The purchaser or lessee must offer, in writing, to participate in a flight training and research

program with two or more universities based in Florida which offer graduate programs in

aeronautical or aerospace engineering and offer flight training through a school of aeronautics

or college of aviation. The purchaser or lessee must forward a copy of each written offer to the

Florida Department of Revenue, Enforcement Operations, Aircraft Section, P.O. Box 6417,

Tallahassee, FL 32399-6417; and

The purchaser or lessee must furnish the dealer with an exemption certificate stating that the

lease, purchase, repair, or maintenance to be exempted is for the exclusive use of the purchaser

or lessee of a qualified aircraft. A suggested format of an exemption certificate is attached. The

purchaser or lessee is only required to issue the selling dealer a single exemption certificate;

however, the purchaser or lessee must notify the selling dealer when he or she no longer

qualifies for the exemption.

References: Ch. 2006-144, L.O.F. s. 212.02, 212.08, and 212.0801, F.S.

Exemption Extention Form For Labor, Repair, Maintenance, Sales, And Leases Of Certain Aircraft