HB2374

House of Representatives

aviation fund; revenues

Sponsors: Representative Cooley, Flake, Johnson, et al

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

HB2374 relates to the deposit of flight property tax revenues by amending Laws 1999, section 3, chapter 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 and was amended by Laws 1999, first special session, chapter 3, section 9.

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.

· Includes a delayed repeal for Laws 1997 first special session, chapter 3, section five to take effect from and after June 30, 2002.

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· 44th Legislature