Gov. Susana Martinez, seated, signs House Bill 24 while state officials and company officers look on, Monday, at the AerSale facility in Roswell. The bill provides for a gross receipts tax reduction on the sales of aircraft within New Mexico. (Randal Seyler Photo)
AerSale Inc. at Roswell International Air Center hosted Gov. Susana Martinez Monday as she signed into law legislation that will eliminate sales tax on commercial and military aircraft.
The law will remove the 7 percent gross receipts tax on the sale of commercial and military aircraft and do away with the tax on any maintenance, refurbishing, remodeling or other work done on the planes.
The elimination of sales tax, to take effect July 1, is expected to bring 125 jobs to Roswell and have a direct impact of more than $5 million in the next five years.
“The aviation industry is an integral part of New Login to read more