Illinois – Exemption for Aircraft Equipment Amended

SALT Report 2898 – The Illinois General Assembly amended the exemption for materials, parts, equipment, components, and furnishings that are incorporated into an aircraft to reflect that the exemption applies only to the sale or use of qualified tangible personal property “by persons who modify, refurbish, complete, repair, replace, or maintain aircraft.”  Prior to the amendment the exemption applied to organizations that perform such duties.

The provisions in Senate Bill 1801 are effective immediately.

For Further Information

Illinois General Assembly – Senate Bill 1801