This bill amends several sections of Washington state law to direct the proceeds from taxes on aircraft fuel to the aeronautics account. Specifically, it modifies RCW 82.21.030, 82.23B.020, and 82.23A.020 to ensure that the taxes imposed on aircraft fuel, as defined in RCW 82.42.010, are deposited into the aeronautics account created in RCW 82.42.090. The bill also clarifies that moneys collected from the aircraft fuel excise tax will be credited to this account, thereby enhancing funding for aeronautics-related activities.

In addition to the provisions regarding aircraft fuel, the bill includes adjustments to the tax rates for hazardous substances and petroleum products, changing certain rates from fractions to decimal form for clarity. It also establishes a process for the department to compile a list of petroleum products that are not easily measured on a per-barrel basis, which will be subject to a different tax rate. Overall, the bill aims to streamline the tax structure related to petroleum products and ensure that funds generated from aircraft fuel taxes are allocated specifically to support aeronautics in Washington state.

Statutes affected:
Original Bill: 82.21.030, 82.23B.020, 82.23A.020, 82.42.090