In This Presentation:

- Senate Bill 1396

- Certificated Carriers

- Sale for Resale Clarified and Expanded

- Use Tax Presumption of Texas Use

- Related Party Transactions

- Fractional Ownership

- Effective Date

- Occasional Sale

- Common Occasional Sale Problems

- Trade-In

- Common Trade-In Issues

- Sale For Resale

- Common Sale For Resale Issues

- Part 135 Certificated Carriers

- Part 135 Issues

- Fly Away Exemption

- Fly Away Exemption Issues

- Texas Use Tax

- Texas Use Tax Issues

- Full Text S.B. No. 1396

- Excerpt from Certificated Carriers:

- SB 1396/Section 163.001

- Clarifies that the persons that are authorized to buy or lease aircraft under the exemption in Section 151.328(a (1) include persons operating under the authority of C.F.R. Part 121, 125, 133, or 135.

- Analysis: sale of an aircraft to a person that will lease the aircraft to a certificated carrier.

Originally published for the State Bar of Texas Annual Meeting on June 18, 2015