Payment of property taxes on equipment eligible for the machinery and equipment (M&E) exemption multiplied by a fraction for qualifying use.įor certified FAR repair stations and aerospace non-manufacturers:.Payment of property/leasehold taxes on new buildings, land, and the increased value of renovated buildings used exclusively in manufacturing commercial airplanes or components of such airplanes or in manufacturing tooling specifically designed for use in manufacturing commercial airplanes or components of such airplanes. Non-manufacturers engaged in the business of aerospace product development.įor manufacturers and processors for hire:.Manufacturers and processors for hire of commercial airplanes or component parts of commercial airplanes.
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