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FISCAL NOTE
House Bill 253
Committee: Fiscal Responsibility and
Economic Development
Sponsor: Representative Brock Colvin
Analyst: Riley Aaron Date: 04/09/2025
House Bill 253 as passed the House of Representatives could decrease state sales, use, and lease
tax receipts to the Education Trust Fund or State General Fund by an undetermined amount
from fiscal year 2026 to fiscal year 2030 dependent on the amount of certain aircraft and parts
sold or leased which proceeds would be exempt pursuant to this bill.
This bill could also correspondingly decrease sales, use, and lease tax receipts to county and
municipal governments by an undetermined amount, if the respective local governments adopt
an exemption from taxation pursuant to this bill.