Amend the bill by inserting after the enacting clause the following:

Amend the bill in section 1 in subsection 88-A in the last line (page 1, line 6 in L.D.) by striking out the following: " from July 1, 2011 to June 30, 2015" and inserting the following: 'from July 1, 2011 to June 30, 2015  2033'

Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.

summary

This amendment extends the exemption for aircraft and aircraft parts from Maine's sales and use tax until June 30, 2033; the bill made the exemption permanent. The amendment also requires that, by June 30, 2023, the joint standing committee of the Legislature having jurisdiction over taxation matters review the tax expenditure to determine whether it provides an incentive for increasing investment in the aviation sector, attracting and retaining aviation business and the basing of aircraft in the State. The exemption is currently scheduled to expire on June 30, 2015.