Legislation that AOPA believes would strengthen general aviation in Nevada by authorizing partial tax abatements of property tax or sales and use taxes for aircraft maintenance and repair businesses is making its way through the lawmaking process, backed by strong industry support.
Senate Bill 93, introduced Feb. 2 on behalf of Gov. Brian Sandoval, would require the Office of Economic Development "to approve a partial tax abatement for a period of not more than 20 years for certain qualified new and existing businesses that own, operate, manufacture, service, maintain, test, repair, overhaul or assemble an aircraft or any component of an aircraft."
AOPA Western Pacific Regional Manager John Pfeifer has submitted a letter of support for the bill, and testified in Carson City at a joint hearing held Feb. 19 by the Nevada Senate Committee on Revenue and Economic Development and the Assembly Committee on Taxation.
"Passage of this bill would stimulate aviation businesses in Nevada and make available more services to members," Pfeifer said, noting the active support the measure is receiving from the National Business Aviation Association, the Nevada Airports Association, and the Reno/Tahoe Airport Authority.