Washington Lawmakers Push to Repeal 'Luxury' Aircraft Tax
A bipartisan bill is advancing in Washington state to repeal a 'luxury' tax on aircraft. The tax, implemented in 2022, applies a 9% sales and use tax on aircraft valued over $100,000. Proponents of the repeal argue that the measure has driven aircraft sales, maintenance, and related business to neighboring states like Oregon and Idaho, which lack a similar tax. This has resulted in a net loss of revenue and harmed the state's aviation industry. Industry groups support the repeal, stating it is necessary to make Washington's aviation sector competitive again.
Official Source: https://avweb.com/aviation-news/washington-lawmakers-eye-repeal-of-luxury-aircraft-tax/
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