NYAMA received word that the Governor has sign a bill eliminating the sunset of the tax exemtion on maintenance and repair of GA aircraft making the tax exemption permanant!

The Assembly passed the bill (A8891/Schimminger) to repeal the December 1, 2009 sunset after the bill quickly moved through the committees to the floor where it was brought to a vote.

The bill was then delivered to the Senate which was deadlocked in a struggle for control of the leadership. The impasse ended a month later and the Senate was back at work. Final passage was given for the bill (S.5516/Stachowski).

The bill was transmitted to Governor Paterson on the same day, and signed into law the next day as Chapter 204 of the Laws of 2009 making the tax exemption permanent!

There were many bills put on the shelf during the recent events in the Senate. NYAMA was diligent in keeping this bill before Senators throughout the entire process. The passage of the bill is widely seen as a tremendous victory given the political and economic climate.

Please be sure to thank your legislators for their efforts!