Tuesday, March 05, 2013

Georgia House OKs tax break for Gulfstream

A state tax break primarily for the benefit of Savannah, Ga.-based Gulfstream Aerospace Corp. sailed through the Georgia House of Representatives Tuesday.

Lawmakers voted 169-3 to extend a sales tax exemption on the purchase of airplane parts and equipment until June 2015.

Gulfstream’s Savannah plant produces luxury aircraft for customers from around the country. The legislation would apply to parts and equipment used in the repair or maintenance in Georgia of aircraft not registered in this state.


“It’s very narrowly tailored in both scope and size,” said Rep. Alex Atwood, R-Brunswick, the bill’s chief sponsor.


Read more here:  http://www.bizjournals.com

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