Certain sales and use tax exemptions repealed, changes to deposit of revenues made, and conforming changes made.

This bill repeals existing exemptions for the sales and use tax on aircraft and changes where the resulting tax revenue is deposited. Specifically, it removes protections for transactions involving previously registered aircraft, sales to licensed dealers, and purchases of flight equipment by airline companies. Instead of funding the state airports fund, the revenue from these taxable aircraft sales will now be credited to the commissioner of education for specific uses outlined in state law. The changes also allow the commissioner of transportation to collect this tax on behalf of the revenue commissioner and take effect for transactions occurring after June 30, 2026.