HB2369

House of Representatives

flight property tax; distribution

Sponsors: Representative Marsh, Senator Bundgaard,

Representative Farnsworth, et al

X	Committee on Military, Veterans' Affairs and Aviation
	Caucus and COW
	As Passed the House

HB2369 relates to the deposit of flight property tax revenues by amending Laws 1999, first special session, chapter 3, section 9.

History

Laws 1997, chapter 3, section 5 established the amount the State Treasurer was required to deposit of the revenues from the flight property tax.

Provisions

· Requires that the State Treasurer deposit 50 per cent of the revenues from the flight property tax in the state general fund and 50 per cent in the aviation fund in FY 1997-98 through FY 2000-01, one third of the revenues from the flight property tax in the state general fund and two thirds in the Aviation fund in FY 2001-02 and one fourth of the revenues from the flight property tax in the state general fund and three fourths in the aviation fund in FY 2002-03.

· Stipulates the House Speaker and the Senate President each appoint three members of their houses to make recommendations on the expenditure of the general fund portions of the aviation fund deposits among rural airports, reliever airports and to enhance the aviation system of this state.

· ---------- DOCUMENT FOOTER ---------

· 44th Legislature

· Second Regular Session 2 January 29, 2001