Texas House Bill HB2066

Texas 2019 - 86th Regular

Caption

Relating to the sales and use tax exemption for the repair, remodeling, or maintenance of aircraft.

Impact

The proposed changes will impact the tax liabilities associated with various services and goods linked to aircraft maintenance and repair. By extending tax exemptions to services and parts, the bill seeks to lower operational costs for aircraft owners and service providers. This change may lead to increased investment in aircraft repair facilities and overall growth in the aviation industry within Texas, fostering job creation and economic activity.

Summary

House Bill 2066 aims to amend the Texas Tax Code to provide a sales and use tax exemption specifically for the repair, remodeling, or maintenance of aircraft. This bill is designed to support the aviation industry in Texas by alleviating some of the tax burdens associated with these essential services. The legislation highlights the state's commitment to enhancing its infrastructure and maintaining its competitive edge in the aviation sector, which is of significant importance to Texas's economy.

Contention

While the bill aims to provide benefits to the aerospace sector, potential points of contention may arise regarding the implications of tax exemptions on state revenue. Critics might argue that such exemptions could contribute to a reduction in state funding for essential services. However, proponents believe that the growth in the industry will offset any losses in tax revenue through increased economic activity and job creation.