Budget Amendment ID: FY2020-S3-46
OTH 46
Close Aircraft Sales Tax Loopholes
Messrs. Eldridge and Kennedy, Ms. Rausch, Ms. Chang-Diaz and Ms. Jehlen moved that the proposed new text be amended by inserting the following new sections:-
SECTION XX. The definition of “Tangible personal property” in section 1 of chapter 64H of the General Laws, as most recently amended by section 3 of chapter 95 of the acts of 2013, is hereby amended by adding the following sentence:- The commissioner may, by regulation, provide rules for considering the transfer of an interest in an aircraft a transfer of tangible personal property.
SECTION XX. Section 6 of said chapter 64H, as appearing in the 2016 Official Edition, is hereby amended by striking out subsections (uu) and (vv).
SECTION XX. Section 7 of chapter 64I of the General Laws, as so appearing, is hereby amended by striking out subsections (d) and (e).