Get extra lift from AOPA. Start your free membership trial today! Click here

Aviation tax cut included in NY budget

After more than a decade of advocacy, a hard-won aircraft sales-and-use tax exemption has passed the New York legislature as part of a new state budget. The legislation now goes to Gov. Andrew Cuomo for his signature.

“We’ve fought hard for this aviation sales-and-use tax exemption because it will help boost aviation, create jobs, and spur the economy,” said AOPA President Mark Baker. “On behalf of the more than 12,300 AOPA members in New York, I want to thank state lawmakers for recognizing the value of aviation in New York and taking decisive action to help it grow. We look forward to seeing this measure signed into law.”

In 2004, the aviation community won a sales tax exemption for aviation maintenance and since then AOPA and others have been seeking to expand the exemption to include aircraft sales.

The legislation that includes the exemption passed the full Senate March 30, sending it to the governor for his signature.

Historically, New York’s tax structure has led many individuals and companies to purchase and house their aircraft in neighboring states, and since 2002 the state has lost nearly 700 based aircraft. Similar legislation passed in other states has created jobs, increased aviation activity, and generated revenue, and AOPA estimates hundreds of new jobs will be created in New York directly or indirectly as a result of the tax exemption.

AOPA worked closely with aviation groups in the state, including the New York Aviation Management Association, to educate decision makers and the public about the importance of aviation in the state, host webinars and educational sessions, help sponsor the annual Aviation Advocacy Day in Albany, and more. Most recently, AOPA advocated in support of the New York Aviation Jobs Act on which the tax exemption is based, meeting with legislators and sending letters of support.

Elizabeth Tennyson
Elizabeth A Tennyson
Senior Director of Communications
AOPA Senior Director of Communications Elizabeth Tennyson is an instrument-rated private pilot who first joined AOPA in 1998.
Topics: Advocacy, Taxes, Financial

Related Articles