WMTV - Election - Headlines

Sales tax break for aviation companies up for vote

UPDATED Monday, October 28, 2013 --- 9:17 a.m.
Posted Monday, October 28, 2013 --- 5:05 a.m.

MADISON, Wis. (AP) -- A proposal that would exempt aviation companies in Wisconsin from having to pay sales taxes on aircraft maintenance parts and labor is up for a vote in a Senate committee.

The bipartisan bill would benefit companies like Gulfstream in Appleton and Cessna in Milwaukee. Those companies and others say having to pay the sales tax puts them at a competitive disadvantage because aircraft owners are taking their business to other states that don't charge the tax.

The Senate's Economic Development Committee planned a Tuesday vote on the bill sponsored by Republican Sen. Mike Ellis.

Ellis says the bill would cost about $3 million a year in lost revenue, but it would generate more than twice that much in increased business for the aviation companies.

Copyright 2013: Associated Press


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
NBC15 615 Forward Drive Madison, Wisconsin 53711 Business: 608-274-1515 Newsroom: 608-274-1500
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 229513701 - nbc15.com/a?a=229513701