SCAA’s Summer 2015 Newsletter: Read online newsletter now!

Be on the lookout in your mailbox for your summer edition of the Palmetto Aviation. In the mean time, read it online...
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Amended House Bill 3568 Tax exemption on parts used in general aviation aircraft repa

  Amended House Bill 3568 Tax exemption on parts used in general aviation aircraft repair Signed by governor: June 6, 2015 Effective date: 01/01/16 An act to amend section 12-36-2120 code of laws of South Carolina, 1976, relating to exemptions from the state sales tax, so as to exempt certain construction materials used by an entity organized under section 501 (C) (3) of the internal revenue code as a nonprofit organization, to expand the exemption for parts and supplies used by persons engaged in the business of repairing or reconditioning aircraft, and to exempt certain children’s clothing sold to a private charitable organization exempt from federal and state income tax and to provide exceptions. General Aviation repair and parts sales tax was previously 6% in the state of South Carolina. As a result, many repair jobs were sent off to surrounding Southern states. With overall costs lowered, this bill will truly enhance general aviation in South Carolina and support it’s economic development. The South Carolina Aviation Association President, Don Purcell and the AOPA Director of State and Government Affairs, Jared Esselman met with key legislators to explain how these state taxes hindered general aviation growth in the state. All of those involved in general aviation are incredibly excited and proud as they worked hard to receive the support and the attention to the issue. “Another step in making South Carolina Aviation friendly!!” South Carolina Aviation Association President, Don Purcell. Additional Resources: AOPA Newspost SC Legislature  ...
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