Under New York’s new budget package, maintenance and other services performed on aircraft will be exempt for sales and use tax. Tangible personal property purchased for and used in these services will also be exempt from sales and use tax as long as the property becomes a component of the aircraft or is lubricant applied to the aircraft. Storing aircraft would also be considered a service to the aircraft and the cost of storage will be exempt. These exemptions are effective December 1, 2004 and continue through December 1, 2009 (New York Item #S.8.