FISCAL NOTE

House Bill 20 as passed the House of Representatives extends the sales tax exemption on parts, components, and systems for certain aircraft from May 30, 2022, currently, to May 30, 2032 which could decrease sales or use tax receipts otherwise received by the Education Trust Fund or State General Fund by an undetermined amount dependent upon the amount of sales exempted by the provisions of this bill.

This bill also repeals the current provision allowing this exemption to be extended by joint resolution.