Regulations and Government
New Texas Law Provides Relief on Certain Leasing Taxes
NBAA pushed for bill after members were subject to audits that led to contradictory interpretations over leasing agreements and new taxes.

The state of Texas enacted legislation (Senate Bill 1396) to dispel confusion surrounding aircraft sales and use tax laws that were leading to contradictory interpretations and in some cases hefty levies. Texas Governor Greg Abbot signed SB 1396 into law on June 16, following state House and Senate passage late last month. Business aviation groups, led by NBAA, pushed for the legislation after the former state comptroller had taken a narrow view of aircraft leasing, leading to contradictory interpretations during audits and subjecting some leasing agreements to new taxes.


Loading…