AerCap calls Mississippi’s new sales tax exemption on aircraft leases a “game changer”

Mississippi has enacted a new taxation legislation that exempts sales tax on aircraft, which lessor AerCap has called a “game changer”. House Bill 1855 will introduce exemption from sales tax for the lease or other retail transfers of fixed-wing aircraft and engines, accessories and spare parts for such aircraft. “The introduction of this legislation is a game changer for commercial aircraft leasing and sales in Mississippi and aligns sales tax law with the majority of other states that already offer similar exemptions,” said AerCap Materials CEO Aimee Craig. “The new legislation will allow AerCap to better service our customers by