House of Representatives

SB 1251

flight property tax revenue distribution

Sponsors: Senator Cirillo

 

dpa
S/E

Committee on Military, Veteran Affairs and Aviation

dpa

S/E

Committee on Appropriations

DPA

S/E

Caucus and COW

This bill as introduced contains an Appropriation clause.

x

As Transmitted to the Governor

 

SB 1251 deposits percentages of the flight property tax into the aviation fund.

 

History

Laws 1997, chapter 3, section 5 established the amount of the revenues from the flight property tax the State Treasurer was required to deposit and was amended by Laws 1999, first special session, chapter 3, section 9.

 

Provisions

·                      Prohibits any one airport from receiving more than ten per cent of the total aviation fund in any FY.

·                      Requires the State Treasurer to deposit 50 per cent of the revenues from the flight property tax into the aviation fund, until June 30, 2003, after which time 100 per cent of the revenues will go to the aviation fund.

 

 

 

 

 

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45th Legislature                                                                                                                                

First Regular Session                                   2                                                            April 30, 2001

 

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