§ 53-97.2. Exemption for aircraft parts, aircraft simulator parts, and rail carrier parts.

Sales of aircraft parts, aircraft simulator parts, and rail carrier parts shall be exempt from taxation under this article. This exemption shall be phased-in as follows:

(a)

For the period commencing January 1, 2014, and concluding on December 31, 2014, fifty (50) percent of the purchase price paid or charged upon all sales of aircraft parts, aircraft simulator parts, and rail carrier parts shall be exempt from the tax imposed by this article. If the total amount of tax that a purchaser pays for aircraft parts, aircraft simulator parts, and rail carrier parts under this article for purchases made in calendar year 2014 exceeds fifty (50) percent of the total amount of tax that was due under this article for purchases of aircraft parts, aircraft simulator parts, and rail carrier parts made in calendar year 2013, the purchaser may apply to the manager for a refund or credit of the excess amount no later than February 28, 2015.

(b)

On or after January 1, 2015, sales of aircraft parts, aircraft simulator parts, and rail carrier parts shall be exempt from taxation under this article.

This section shall be repealed, effective December 31, 2040.

(Ord. No. 529-13, § 4, 10-28-13)