This bill enacts R.S. 47:306.6, which mandates the secretary of the Department of Revenue to annually estimate the revenue generated from state taxes on aviation fuel sales. The funds collected from these taxes are to be allocated exclusively for airport-related purposes by the Department of Transportation and Development, with a stipulation that no funds will be disbursed to airports that do not clearly designate public ramp space in their published directories. The bill outlines specific calculations for determining the annual estimated revenue, including the average price per gallon of aviation fuel, the volume of fuel sold, and the applicable sales tax rate.

Additionally, the bill establishes reporting requirements, mandating the Department of Revenue to submit an annual report to the Joint Legislative Committee on the Budget by March 31 each year, detailing the average price per gallon, total gallons sold, and the sales tax rate used in calculations. It also requires that any agreements between the Department of Revenue and the Department of Transportation and Development regarding these calculations be reviewed and approved by the Joint Legislative Committee on the Budget. The provisions of this section will terminate on January 1, 2027.