This bill amends the Aeronautics Code of the State of Michigan by modifying sections 34 and 203. It establishes the state aeronautics fund and the qualified airport fund, detailing the sources of revenue for each. Specifically, it stipulates that all money received from aviation fuel taxes, with the exception of a portion designated for the qualified airport fund, as well as other revenues from aviation-related activities, will be credited to the state aeronautics fund. The qualified airport fund will receive funds as specified under section 203(2) and other related tax acts.

Additionally, the bill changes the privilege tax on aviation fuel from 3 cents to 10 cents per gallon and outlines the distribution of the collected tax, with 35% going to the state aeronautics fund and 65% to the qualified airport fund. It also includes provisions for tax refunds to airline operators and specifies conditions under which the tax does not apply to certain purchases of aviation fuel. The enactment of this bill is contingent upon the passage of several other specified bills in the legislature.

Statutes affected:
Substitute (H-1): 259.34, 259.203
House Introduced Bill: 259.34, 259.203
As Passed by the House: 259.34, 259.203