An AOPA-backed bill that would create a partial abatement of property or sales and use taxes for Nevada businesses that repair aircraft or components will be on the state’s legislative calendar this year.
Senate Bill 93 would require Nevada’s 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."
The bill has been filed in advance of the 2015 legislative session, which begins Feb. 2, and assigned to the Senate Committee on Revenue and Economic Development.
"Passage of this measure would stimulate aviation businesses in Nevada, and make more aviation services available to our members," said John Pfeifer, AOPA Western/Pacific regional manager.
Pfeifer met with economic development officials Jan. 6 to discuss the Senate-filed bill that was submitted on behalf of the administration of Gov. Brian Sandoval. AOPA will testify in support of the measure when it comes up for committee review once the lawmaking session gets underway, Pfeifer said.
Also in attendance at the meeting on Senate Bill 93—demonstrating the proposal’s strong backing from the aviation community—were representatives from the National Business Aviation Association, the Nevada Airports Association, and the Reno/Tahoe Airport Authority.