LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 21 HLS 243ES 34
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: November 20, 2024 11:47 AM Author: BOURRIAQUE
Dept./Agy.: Department of Revenue
Subject: Annual Estimates Derived from Aviation Fuel Collections Analyst: Kimberly Fruge
TAX/SALES & USE EN SEE FISC NOTE SD EX See Note Page 1 of 1
Requires the secretary of the Department of Revenue to annually estimate revenue derived from aviation fuel collections
(Items #8 and 11)
Proposed law requires the Department of Revenue to annually estimate the revenue derived from state taxes collected from
aviation fuel purchases. The average price per gallon of aviation fuel shall be based on historical data, current market fuel
prices, and trends. The volume of aviation fuel shall be based on data provided by the Energy Information Administration or
the Bureau of Transportation Statistics. The sales tax rate shall be based on the current state sales tax rate in effect at the
time of the estimate. The estimated revenues must be submitted to the Revenue Estimating Conference within five calendar
days of the annual estimate being completed by the secretary of the Department of Revenue. The secretary shall also submit
a report to the Joint Legislative Committee on the Budget annually. Proposed law terminates January 1, 2027.
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other SEE BELOW SEE BELOW SEE BELOW $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0
REVENUES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
Proposed law changes the procedure to estimate the revenue to be derived from state taxes collected from the purchase of
aviation fuels. To the extent the Revenue Estimating Conference (REC) estimate of aviation fuel tax collections changes as a
result of proposed law, the appropriation to the Aviation Account may increase or decrease accordingly.
Historically, deposits into the Aviation Account of the Transportation Trust Fund were forecast at a standard, recurring
$29.8 M by agreement of various interests. Beginning in FY 24, the REC began forecasting revenues for deposit into the
account using available data from returns and economic indicators. Proposed law requires the Department of Revenue, in
collaboration with the Department of Transportation and Development, to annually estimate the revenue to be derived from
state taxes collected from purchases of aviation fuels and outlines the procedure for estimation.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Alan M. Boxberger
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Legislative Fiscal Officer