s_fin_2016a_2016-03-31t11:03:14z1 Hearing Summary

Date: 03/31/2016

11:22 AM -- SB16-155



President Cadman, prime sponsor, presented Senate Bill 16-155. Beginning July 1, 2016, the bill creates a state sales and use tax exemption for a historic aircraft that is on loan to a museum for public display, whether for demonstration, educational, or museum promotional purposes. In order to qualify for the exemption, the historic aircraft may not be used for any other purpose while it is in the state. The museum to which a historic aircraft is on loan must be open to the public at least 20 hours a week. Historic aircraft means any original, restored, or replica of a heavier-than-air aircraft that is at least 35 years old.



11:25 AM -- Mr. Atticus Yondorf, representing himself, testified in opposition to the bill. Mr. Yondorf addressed comments from the committee.



11:30 AM -- Mr. Bill Klaers and Mr. Mark Earle, both representing the National Museum of World War II Aviation, testified in support of the bill.





11:36 AM



Senator Cadman made some closing remarks on the bill.