Taxation; certain aircraft and aircraft parts are exempt from sales, use, lease and ad valorem taxes

HB 339 exempts certain general aviation aircraft and their installed equipment from Alabama's sales, use, lease, rental, and property taxes. It directly affects Alabama-based companies that own or lease qualifying aircraft (over 12,500 pounds, used in civil aviation, not commercial/military/drones). The bill removes sales/use tax burdens on purchases starting October 1, 2025, eliminates lease/rental taxes from that date, and exempts these aircraft from property taxes starting October 1, 2024. The Department of Revenue will handle implementation, and the law takes full effect September 1, 2025.