New sales and use tax exemptions for aircraft will soon take effect in Wisconsin.
Exempt
Beginning July 1, 2014, the “sales of and the storage, use and consumption of parts used to modify or repair aircraft are exempt” from Wisconsin sales tax.
Also beginning July 1 2014, “charges for the repair, service, alteration, fitting, cleaning, painting, coating, towing, inspection, and maintenance of any aircraft or any aircraft parts” will not be subject to Wisconsin sales tax.
Please note that exemption certificates are not required for these exemptions to be valid.
Not exempt
The exemptions discussed above do not apply to supplies used to operate aircraft. These include, but are not limited to:
- Deicing fluids;
- Engine oil;
- Hydraulic fluid; and
- Oxygen.
Examples of the difference between the old law and the law that takes effect July 1 are available on the Wisconsin Department of Revenue website, on the New Sales and Use Tax Exemptions for Aircraft page.
Managing exemption certificates in the cloud saves businesses time and money. Learn more.
photo credit: Analog Weapon via photopin cc
