Pennsylvania is considering a bill that would extend sales tax exemptions for plane purchases and maintenance. Proponents say the measure will help keep the work in PA, but opponents say it just isn’t fair.
Pennsylvania House OKs sales-tax exemption for airplanes
HARRISBURG, Pa. — A bill to exempt the purchase and maintenance of airplanes from Pennsylvania's 6 percent sales tax won a strong vote of confidence in the state House of Representatives.
The House gave its final approval to the measure Tuesday by a vote of 179 to 19. It now goes to the Senate.
Critics say this is not time for the state to be handing out tax breaks for wealthy individuals and corporations that will deprive the state of millions of dollars of badly needed revenue. Proponents say the bill would match tax exemptions available in neighboring states and make up the lost revenue by creating good-paying jobs and drawing airplane owners to Pennsylvania maintenance centers.
Pennsylvania passed a similar tax break for helicopters in 2009.
Source: http://www.cbsnews.com
HARRISBURG, Pa. — A bill to exempt the purchase and maintenance of airplanes from Pennsylvania's 6 percent sales tax won a strong vote of confidence in the state House of Representatives.
The House gave its final approval to the measure Tuesday by a vote of 179 to 19. It now goes to the Senate.
Critics say this is not time for the state to be handing out tax breaks for wealthy individuals and corporations that will deprive the state of millions of dollars of badly needed revenue. Proponents say the bill would match tax exemptions available in neighboring states and make up the lost revenue by creating good-paying jobs and drawing airplane owners to Pennsylvania maintenance centers.
Pennsylvania passed a similar tax break for helicopters in 2009.
Source: http://www.cbsnews.com
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