Super-efficient airplane production facilities

From the 2024 DOR Tax Exemption Study

82.04.4463 - Commercial airplane manufacturing - credit for taxes paid Description Manufacturers of commercial airplanes or commercial airplane components qualify for a B&O tax credit for state and local property taxes paid on land and buildings used exclusively to manufacture commercial airplanes or components and constructed after December 1, 2003. The credit is also available for leasehold excise taxes paid on land and buildings used exclusively for the same purposes and constructed after January 1, 2006. Eligible property taxes include taxes paid on: - New structures and the land beneath them. - Increased value due to facility renovation or expansion. - Manufacturing machinery and equipment. Manufacturers of tooling specifically designed for use in manufacturing commercial airplanes, persons providing aerospace product development, and persons providing aerospace services qualify for a B&O tax credit for state and local property or leasehold excise taxes paid on land and buildings constructed after June 30, 2008. Eligible property taxes include taxes paid on: - New structures and the land beneath them. - Increased value due to facility renovation or expansion. - Manufacturing m