AN ACT to broaden the sales and use tax exemption for parts and accessories used in the repair or maintenance of aircraft with a maximum take‑off weight of TWO THOUSAND pounds and above.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 105‑164.3(197) reads as rewritten:

(197)  Qualified aircraft. – An aircraft with a maximum take‑off weight of more than 9,000 pounds but not in excess of 15,000 pounds.2,000 pounds and above.

SECTION 2.  G.S. 105‑164.13(61a)m. reads as rewritten:

m.       Any of the following:

1.         A qualified aircraft.

2.         A qualified jet engine.

3.         An aircraft with a gross take‑off weight of more than 2,000 pounds.

SECTION 3.  This act becomes effective July 1, 2022, and applies to sales occurring on or after that date.