On behalf of Piper Aircraft, Inc. and our nearly 1,000 employees in Florida, we strongly support Senate Bill 580 that would reduce the state sales and use tax on aircraft from 6 to 4 percent, making us more competitive with nearby states. Florida is surrounded by states with either lower aircraft sales tax rates, or caps on total aircraft sales tax due.
Since aircraft are highly mobile, many Piper customers elect to complete business aircraft transactions out of state and don't have incentives to base aircraft in Florida. This results in aviation jobs and revenue leaving the state, simply because our aircraft sales tax laws are not competitive. Passage of Senate Bill 580 is an important first step to keeping aviation dollars and jobs in Florida. READ MORE
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