On July 9, the Pennsylvania state legislature passed a bill ridding the state tax code of a six percent levy on aircraft maintenance performed in the state. The exemption also applies to the purchase of aircraft parts and components.

Supporters of the legislation hope the newly passed law will generate major cost savings for aircraft owners and boost Pennsylvania’s aviation industry.

A previous version of the bill passed the state House in 2012 but failed to garner enough support in the Senate. The legislation was reintroduced this year as part of an omnibus budget bill that ultimately passed both chambers and was signed into law by Gov. Tom Corbett (R). The exemption goes into effect on Oct. 7, 2013.

More from ARSA