67-6-391 - Exemption for otherwise taxable aircraft. [Effective until July 1, 2010. See the Compiler's Notes.] - Tennessee Statutes

67-6-391. Exemption for otherwise taxable aircraft. [Effective until July 1, 2010. See the Compiler's Notes.]

(a)  Any taxpayer that moves otherwise taxable aircraft into Tennessee in conjunction with establishing a new headquarters facility, as defined by § 67-6-224, shall be exempt from any sales and use tax liability that arises solely as a result of moving such aircraft into the state.

(b)  This section is repealed July 1, 2010.

[Acts 2004, ch. 924, § 7; 2007, ch. 602, § 49.]