The 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. Additionally, the bill outlines specific calculations for determining the annual estimated revenue, which include the average price per gallon of aviation fuel, the volume of fuel sold, and the applicable sales tax rate. The secretary of the Department of Revenue is also required to submit the estimated revenue to the Revenue Estimating Conference within five days of completion.

Furthermore, the bill establishes reporting requirements, necessitating the secretary of the Department of Revenue to provide an annual report to the Joint Legislative Committee on the Budget by March 31 each year. This report must include details such as the average price per gallon, total gallons sold, and the sales tax rate used in the calculations. All agreements related to these estimates between the Department of Revenue and the Department of Transportation and Development must be reviewed and approved by the Joint Legislative Committee on the Budget. The provisions of this section will terminate on January 1, 2027.